Post by Deleted on Jul 6, 2017 20:03:34 GMT
Just before the close: calls total 865; puts 2590; total 3455
Third day in a row puts outnumber calls traded. 7% of calls at or above ask, and 81% of puts, so traders are willing to pay up for puts.
The July $7 strike put represents 2446 of the 2590 total puts traded, over 90% of the total. So this buyer is the one paying up for the protection. Interesting ! Is he betting on another down leg for OPKO, or is he hedging (protecting) a long position? I can estimate the trading price on these at about 80 cents ($80 per contract), or about $195,000.
Third day in a row puts outnumber calls traded. 7% of calls at or above ask, and 81% of puts, so traders are willing to pay up for puts.
The July $7 strike put represents 2446 of the 2590 total puts traded, over 90% of the total. So this buyer is the one paying up for the protection. Interesting ! Is he betting on another down leg for OPKO, or is he hedging (protecting) a long position? I can estimate the trading price on these at about 80 cents ($80 per contract), or about $195,000.