Puts active with Total System at highs
David Russell | firstname.lastname@example.org
optionMONSTER's Depth Charge tracking system detected the purchase of 1,500 April 20 puts for $0.20 and $0.25 against open interest of just 2 contracts. The April 22.50s also saw unusual activity.
TSS rose 0.39 percent to $23 in afternoon trading and is up 36 percent in the last six months. The provider of credit-card services to businesses is back to roughly the same price area where it peaked in July 2008 immediately before crashing along with the rest of the market. Many other stocks have struggled around similar levels on their charts, which could help explain today's activity.
The company typically only sees options volume of about 30 contracts in a session, but activity is more than 70 times that amount so far today.