40,000 Put Jan 44 series sold @ bid of 0.30. Some body is betting OE will be higher then 44. In short term we might see a fire work to the down side, Not today but in coming 2-3 days. There is heavy volume in 44 Jan calls also. To hedge puts seller is buying 42 puts. JMHOP Dr. Farooq
Farooq This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.
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