NXP Semi draws bearish strategy
Chris McKhann | firstname.lastname@example.org
optionMONSTER's Depth Charge system shows that more than 5,000 December 45 puts were purchased, with contracts initially going for the ask price of $1.40 and then a block of 2,966 for $1.55. The previous open interest was just 16 contracts, so this is clearly fresh buying.
The puts weren't tied to any stock trading as a hedge today. Because they are in the money, these puts were likely purchased as an outright bearish play. (See our Education section)
NXPI was down 1.54 percent to close at $43.55. The Dutch chip company hit a new intraday high of $44.87 just after the open, almost double its April low.