Altaba Inc (AABA)

[circlem]

YHOO is seeing huge put volume in the weekly Jan30 put 46 strike with 19,999 contracts traded. There is also big volume in the weekly Jan30 put at the 48.5 strike with 9916 contracts traded. These puts expire in 7 days. The heaviest call volume for the Jan30 weeklies is at the 51 strike with 3512 contracts traded. How much of the put volume is for insurance is not known, but I speculate a lot of it is.

Further out, the action is more pedestrian. The heaviest call volume in the Feb calls is at the 50 strike with 4021 contracts traded. For the Feb puts the 46.5 strike has the most action with 1069 contracts.

The heaviest call volume in the March contracts is at the 55 strike with 3322 contracts traded. Put volume in the March contracts is low.

It is hard to keep up with the action in YHOO, especially in the weeklies expiring in 7 days.