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June 14, 2013  Fri 2:45 AM CT

VOYA: SEE CHART GET CHAIN FIND STRATEGIES
Dutch financial giant ING is up about 40 percent since its U.S. initial public offering in early May, and one trader is looking for the stock to hold current levels for the next five months.

optionMONSTER's tracking systems detected the sale of 2,040 November 25 puts for $1.65 yesterday afternoon. The volume was well above the strike's open interest of 437 contracts before the trades appeared, indicating that these are new positions.

The put sellers are looking for the stock to stay above the $25 strike price through expiration in mid-November. If the shares are below that level, the traders will be on the hook to buy them at an effective price of $23.35 once the credit from the put sale is factored in. (See our Education section)

VOYA--which will be ING's new name as a standalone U.S. company starting next year--rose 0.38 percent yesterday to close at $26.67. The stock began trading at $19.25 on May 2 and peaked at $29.06 at the end of that month.

Total option volume in the name was more than 10 times its daily average for the last month. 
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Market Level Making You Nervous, Huh? Part 3

In last week's article, we discussed how important the extra cash you save by using the Stock Replacement Strategy over buying the actual stock is! That extra cash in our account instead of being unnecessarily tied up in a stock position allows us to buy the puts we would need to protect our downside in the case of a major sell-off.

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