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Tuesday, 07/22/2014 9:26:19 AM

Tuesday, July 22, 2014 9:26:19 AM

Post# of 20689
A large trader apparently believes that Momenta Pharmaceuticals will hold firm after it reports earnings next week.

optionMONSTER's tracking systems detected the sale of 4,000 September 10 puts for the bid price of $0.50 yesterday. This is clearly a new position, as open interest in the strike was just 353 contracts before the trade appeared.

The put seller is looking for MNTA to stay above $10 through expiration in mid-September. The trader will also be on the hook to buy shares if they fall below that strike price.

http://finance.yahoo.com/news/limited-downside-seen-momenta-101420660.html