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Large bearish trade targets MasTec
January 28, 2010 Thu 12:34 PM CT

Building contractor MasTec broke its 50-day moving average today, and one bear jumped in for the kill.

MTZ ChartoptionMONSTER's Depth Charge tracking program detected the purchase of 1,000 March 12.50 puts for $1 and the sale of an equal number of March 10 puts for $0.10. The bearish put spread pushed options volume in the small-cap stock to 16 times greater than average.

MTZ fell 5.89...


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