Learn the trade here. Make it on tradeMONSTER

Options Trading News

October 9, 2013  Wed 9:12 AM CT

APOL: SEE CHART GET CHAIN FIND STRATEGIES
A trader is betting that Apollo Group will hold current levels.

optionMONSTER's tracking systems detected the sale of 2,500 November 19 puts for the bid price of $0.81 today. This is clearly a new position, as the previous open interest in the strike was just 658 contracts.

The put seller is looking for APOL to hold above $19 in coming weeks. The trader is taking on the risk of buying shares if they are below that strike price.

APOL is up 1.03 percent to $20.15 this morning, a day after seeing its lowest close in a month. Shares of the for-profit education company were last below $19 at the start of September.
Share this article with your friends


Premium Services

Education & Strategy

When cash is king (of hedging)

Whether your trades are winning or losing, it can be tempting to add to your positions. But in either case,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER