Significant Monday Options Trading: MDB, XENE, SNOW
Xenon Pharmaceuticals Options Activity: Xenon Pharmaceuticals Inc (XENE) has seen a trading volume of 6,057 options contracts today, equating to about 605,700 underlying shares, which is 79.2% of its average daily trading volume over the past month.
High Volume Put Option for XENE: The $30 strike put option expiring on April 17, 2026, has particularly high activity, with 2,000 contracts traded, representing approximately 200,000 underlying shares.
Snowflake Inc Options Activity: Snowflake Inc (SNOW) has recorded a trading volume of 42,519 options contracts today, amounting to around 4.3 million underlying shares, or 76.1% of its average daily trading volume over the past month.
High Volume Call Option for SNOW: The $250 strike call option expiring on December 12, 2025, has notable trading activity, with 2,265 contracts traded, representing about 226,500 underlying shares.
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Xenon Pharmaceuticals Grants 42,300 Stock Options to New Employees
- Employee Incentive Program: Xenon Pharmaceuticals grants 42,300 stock options to ten new employees to attract talent and enhance employee loyalty, in compliance with Nasdaq Listing Rule 5635(c)(4).
- Option Exercise Price: The options have an exercise price of $40.74 per share, equal to the closing price on January 15, 2026, ensuring employees can benefit financially as the company performs well.
- Vesting Schedule: The granted options will vest over four years, with 25% vesting after the first year and the remainder vesting monthly, aimed at incentivizing long-term employee retention and driving company growth.
- Clinical Development Progress: Xenon's lead molecule, azetukalner, is in Phase 3 trials for epilepsy and major depressive disorder, and the incentive plan will help attract more talent to support its research and development efforts.

Biohaven's BHV-7000 Fails Phase 2 Depression Trial, Shares Drop 15.45%
- Clinical Trial Outcome: Biohaven Ltd.'s BHV-7000 failed to meet its primary endpoint in a Phase 2 trial for major depressive disorder, although favorable trends were noted in some severely depressed subgroups, which may impact future R&D directions.
- Safety Assessment: While BHV-7000 was mostly safe with mild to moderate adverse events largely resolving spontaneously, the lack of significant efficacy signals raises investor concerns about its market prospects.
- Resource Reallocation: The company has decided against further psychiatric clinical trials, opting instead to focus resources on key priority areas such as immunology, obesity, and epilepsy, indicating a strategic shift in focus.
- Market Reaction: Biohaven's shares fell 15.45% to $9.14 in premarket trading on Friday, reflecting negative market sentiment regarding the trial results, with analysts remaining cautious about future regulatory clarity and data outcomes.






