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Textron hits bearish downdraft
October 29, 2009 Thu 12:01 AM CT

Textron has tried to climb on a strong earnings report this week, but the bears have had other ideas.

Options activity turned negative on the aerospace name yesterday as money streamed into the November 20 puts, which were purchased in institutional size for $1.15 to $1.38. Volume climbed to 6,296 contracts, more than three times open interest, according to optionMONSTER's Depth...


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