OptionsHouse

Options Trading News

September 25, 2013  Wed 3:16 AM CT

EBIX: SEE CHART GET CHAIN FIND STRATEGIES
Ebix is down sharply this month, but traders apparently believe that the slide is ending.

More than 2,800 October 9 puts were sold yesterday, mostly for $0.40, according to optionMONSTER's tracking systems. The volume was more than twice the strike's previous open interest, indicating that new positions were established.

These put sellers are looking for EBIX to stay above $9 through expiration in mid-October. If it falls below that strike price, the traders will face the obligation to buy shares at that level. (See our Education section)

EBIX was up 0.5 percent yesterday to close at $9.96. The controversial insurance-software company came into September at $11.55 but has been trending lower since, falling below its 50-day moving average along the way.
Share this article with your friends


Invest Like a Monster - San Diego: June 26-27

Premium Services

Archived Webinar

Education & Strategy

Long synthetic call

Long and short Synthetic stock are two of the six basic synthetic positions that exist. Number three on our list is the Synthetic Long Call...

View more education articles »