Innovative Industrial Properties Sees Surge in Options Trading Volume
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 17 2026
0mins
Should l Buy MRNA?
Source: NASDAQ.COM
- Surge in Options Volume: Innovative Industrial Properties Inc (IIPR) experienced an options trading volume of 4,697 contracts today, equating to approximately 469,700 shares, which represents a significant 163% of its average daily trading volume over the past month.
- High-Interest Options: Notably, the $30 strike put option expiring on October 16, 2026, saw 4,040 contracts traded today, representing around 404,000 underlying shares of IIPR, indicating strong market interest at this price level.
- CRML Options Activity: Concurrently, Critical Metals Corp (CRML) reported an options trading volume of 114,088 contracts, translating to approximately 11.4 million shares, which is 149.2% of its average daily trading volume over the past month.
- Liquid Options Interest: The $15 strike call option expiring on May 15, 2026, recorded a trading volume of 15,043 contracts today, representing about 1.5 million underlying shares of CRML, reflecting robust investor interest in this option.
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Analyst Views on MRNA
Wall Street analysts forecast MRNA stock price to fall
20 Analyst Rating
1 Buy
16 Hold
3 Sell
Hold
Current: 48.540
Low
17.00
Averages
32.47
High
63.00
Current: 48.540
Low
17.00
Averages
32.47
High
63.00
About MRNA
Moderna, Inc. is a biotechnology company advancing a new class of medicines made of messenger ribonucleic acid (mRNA). It is engaged in developing medicines across infectious disease vaccines, oncology therapeutics and rare disease therapeutics. Its platform incorporates advances across three components, mRNA, delivery, and the manufacturing process, to advance its medicines. Its products are Spikevax and mNEXSPIKE (its COVID vaccines), and mRESVIA (its vaccine against respiratory syncytial virus (RSV)). It also has a diverse development pipeline that consists of 35 therapeutic and vaccine programs, six of which are in late-stage development. It has regulatory filings under review for its seasonal flu+COVID vaccine (mRNA-1083) in Europe and Canada and for its seasonal flu vaccine (mRNA-1010) in the United States, Europe, Canada and Australia. Its rare disease programs are Propionic acidemia (mRNA-3927); Methylmalonic acidemia (mRNA-3705), and Cystic Fibrosis (mRNA-3692/VX-522).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Positive Market Reaction: Moderna's shares rose approximately 14% in Friday afternoon trading, indicating investor optimism regarding the new vaccine development, which could enhance its market competitiveness.
- Epidemic Context Impact: Hantavirus has gained renewed attention due to an outbreak on the MV Hondius cruise ship, which resulted in three deaths and at least six infections, highlighting the urgency for vaccine development as noted by the World Health Organization.
- Funding Challenges and Outlook: Despite the challenges of insufficient funding for hantavirus vaccine development, experts suggest that without significant government investment, the timeline for vaccine availability could extend to a decade or more, impacting the company's long-term strategic planning.
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- Trump's Proposal Rejection: Trump labeled Iran's latest sanctions relief and uranium export proposal as 'totally unacceptable' on social media, potentially escalating tensions in the Middle East and impacting global market sentiment.
- Market Reaction: U.S. stock futures edged lower on Monday morning, with S&P 500 and Dow futures declining by 0.1% while Nasdaq futures remained flat, indicating investor caution ahead of upcoming economic data amid geopolitical developments.
- Chip Sector Momentum: Memory chip stocks like Micron (MU) and Everspin (MRAM) continued to dominate retail chatter, with Everspin's stock surging 35% in early trading, reflecting strong momentum in the AI infrastructure trade.
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See More
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- Outbreak Overview: The WHO reports at least six confirmed infections and three deaths linked to the hantavirus outbreak, specifically the Andes strain, which is one of the few variants associated with limited person-to-person transmission, although the public risk remains low.
- Market Response: Following the confirmation of a positive case in an evacuated American passenger, MRNA stock rose 6% in premarket trading, while NVAX and SABS climbed 2%, and INO jumped 12%, indicating strong investor interest in outbreak response stocks.
- Moderna's Research Progress: Moderna has confirmed ongoing early-stage research related to hantavirus vaccines, collaborating with the U.S. Army Medical Research Institute and Korea University’s Vaccine Innovation Center, reflecting its significant role in developing countermeasures against emerging infectious diseases.
- Investor Sentiment: Retail sentiment on Stocktwits for MRNA, SABS, INO, and NVAX is deemed 'extremely bullish', with MRNA surging 123% over the past year, SABS up 139%, and NVAX gaining 52%, highlighting strong market interest in vaccine-related stocks.
See More
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- Vaccine Development Progress: Moderna's hantavirus vaccine research is in early stages, with preclinical work conducted in collaboration with the U.S. Army Medical Research Institute, indicating the company's ongoing commitment to vaccine innovation despite no human trials yet.
- Positive Market Reaction: Following the confirmation of its hantavirus vaccine research, Moderna's stock surged 12% on Friday, marking its best performance in over two months, reflecting investor optimism about the company's future potential in the vaccine market.
- Dramatic Sales Decline: Moderna's vaccine sales have plummeted post-pandemic, with total revenue dropping from a record $19.26 billion in 2022 to $6.85 billion in 2023, and further declining to $3.24 billion in 2024, highlighting a significant shift in market demand.
- Public Health Risk Assessment: Despite an increase in hantavirus cases linked to a cruise ship, the WHO has assessed the overall risk to the public as low, primarily due to hantaviruses being rodent-borne with human-to-human transmission being rare.
See More
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- Stock Price Surge: Following reports of potential dismissal of FDA Commissioner Marty Makary, shares of Replimune (REPL) and uniQure (QURE) surged by 17% and 15% respectively, indicating market optimism regarding regulatory improvements under new leadership.
- Industry Response: The pharmaceutical industry has expressed dissatisfaction with Makary's drug review policies, citing inconsistencies and overly restrictive processes that hinder innovative drug approvals, suggesting that new leadership could accelerate approval timelines and restore clearer regulatory guidance.
- Potential Beneficiaries: Companies like Replimune and uniQure, which have publicly clashed with the FDA, are seen as potential beneficiaries of new leadership, with Replimune's melanoma therapy RP1 being rejected and uniQure's Huntington's disease gene therapy AMT-130 facing significant shifts in review policy.
- Market Reaction: Despite REPL's stock falling approximately 50% over the past year, QURE's stock has risen by 124%, reflecting investor confidence in the future of the biotech sector and expectations for changes in FDA policies.
See More
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- Outbreak Overview: The hantavirus outbreak aboard the Dutch-flagged cruise ship Hondius has resulted in three deaths and six confirmed infections among 150 passengers, prompting global attention, with Trump promising a detailed report on Friday, indicating the government's seriousness about the situation.
- Vaccine Development Update: Moderna's partnership with Korea University to develop an mRNA hantavirus vaccine has gained attention, receiving a $176 million government award in 2024, highlighting its critical role in pandemic response and potential to accelerate vaccine development timelines.
- Market Reaction: Vaccine manufacturers and biodefense companies saw stock rallies on Friday night, with Emergent BioSolutions up 3%, Inovio and Novavax each gaining 2%, and Moderna rising 1%, reflecting investor optimism regarding vaccine development amid the outbreak.
- Investor Sentiment: On Stocktwits, retail sentiment for Inovio and Novavax was extremely bullish, while Moderna showed positive sentiment, indicating high market interest in hantavirus-related companies, with Moderna's stock surging 102% over the past year.
See More
