What's behind put action in InterXion
Chris McKhann | firstname.lastname@example.org
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.