Market News

January 10, 2017  Tue 7:16 AM CT

Traders apparently believe that downside potential is limited in Procter & Gamble.

Our market scanners show that 3,600 February 80 puts were sold for $0.62 to $0.72 yesterday. Volume surpassed open interest of 1,574 contracts, indicating that these are new positions.

Short puts lock in a price where investors must buy a stock, while letting them collect premium. Traders use the technique when they like a stock and believe that the risk of a big drop is limited. (See our Education section)

PG fell 0.84 percent to $85.03 yesterday and is down 5 percent in the last three months. The consumer-products giant reported bullish quarterly numbers on Oct. 25 and is expected to announce its next results in pre-market hours on Jan. 25.

News Archives


The fastest money in the market VIEW FULL REPORT

Education & Strategy

From the AP Archives: If It's Not There...

I have talked at great length about the fact that as an individual investor, you do not have to be in the market at all times.

More education articles »