OptionsHouse

Options Trading News

September 27, 2012  Thu 10:11 AM CT

TWX: SEE CHART GET CHAIN FIND STRATEGIES
Time Warner is just off four-year highs reached last week, and one trader is targeting a floor beneath the stock.

A trader sold 5,950 December 38 puts for the bid price of $0.27, according to optionMONSTER's system. Open interest was 1,637 contracts at the start of the session, so this is a new position.

The put selling is a bet that TWX will remain above $38 through the December expiration, a level that has seen support going back to July. The trader is also showing a willingness to buy shares on a pullback below that level. (See our Education section)

TWX is up 1.9 percent this morning at $45.49. The media giant closed Friday at $45.90, its highest level since September 2008. Shares were below $29 a year ago and broke through resistance at $39 at the start of August.
Share this article with your friends


Related Stories

TWX

Notable option trades in equities

January 22, 2015

Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system.

OptionsHouse

Premium Services

Archived Webinar

Option Money Machine Winter Classic

Education & Strategy

The rolling technique

In the January 7th edition of Advantage Point, we initiated the purchase of a second week-out GOOGL 535 put at...

View more education articles »