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November 8, 2012  Thu 9:59 AM CT

INXN: SEE CHART GET CHAIN FIND STRATEGIES
Put trading tops the action in InterXion even as the stock is near highs.

A trader sold 2,701 November 22.50 puts for $0.55 against open interest of 2,769 and bought 2,701 January 22.50 puts for $1.60 against zero open interest, according to optionMONSTER's systems.

This could be a calendar spread, which would be designed to profit from range-bound trading around that $22.50 level. But given the data, it looks more like a roll with the trader getting out of the November options and moving the position out to January. (See our Education section)

INXN is up 4.6 percent this morning at $22.17. The European data center services company is off the highs of the morning and now back below Monday's open. Shares were fighting to close above resistance at $23 for most of October after hitting $23.71 intraday early in the month. That was almost double the 52-week low from December.
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Education & Strategy

The Strike-Based Greeks

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