Market News

January 11, 2017  Wed 12:07 AM CT

Someone has confidence in eBay.

OptionMonster's monitoring systems detected the sale of 3,200 Weekly 28 puts expiring on Feb. 3 for $0.58. Volume was more than 14 times open interest at the strike, which indicates new money was put to work.

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 think the risk of a big drop is limited. (See our Education section.)

EBAY fell 1.69 percent to $30.75 yesterday but is up 6 percent in the last month. The last quarterly report on Oct. 19 was mixed. The next quarterly report is scheduled for after the close on Jan. 25.

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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.

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