Learn the trade here. Make it on tradeMONSTER

Options Trading News

October 9, 2013  Wed 3:47 AM CT

PAYX: SEE CHART GET CHAIN FIND STRATEGIES
A large trader apparently believes that Paychex will hold current levels.

A trader sold 5,000 November 39 puts in one print for $0.65. This is clearly a new position, as previous open interest in the strike was just 311 contracts.

The put seller is betting that PAYX will stay above $39 through expiration in mid-November. The trader is taking on the risk of having to buy shares if they are below that strike price strike. (See our Education section)

PAYX was off just 0.25 percent yesterday to close at $39.56, much less than the broader market's losses on a percentage basis. The payroll-outsourcing company climbed to a five-year high of $41.24 two weeks ago but is now in the middle of its recent range.

About 9,300 total options changed hands in PAYX yesterday, more than triple its daily average for the last month.
Share this article with your friends


Related Stories

PAYX

Will Paychex deliver another payday?

November 4, 2014

The payroll-services company surged on a strong earnings report Sept. 24, pulled back with the broader market in mid-October, and has been ripping higher since.

PAYX

Notable option trades in equities

November 4, 2014

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

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Webinar Playback

eSignal "Back in Black": Multi-Speaker Free Webinar

Education & Strategy

Some things aren't what they seem

As we scan the Heat Seeker, Depth Charge, and other option-tracking systems, we sometimes see heavy activity in calls and...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER