Sears Holdings Option Traders Place Short-Term Bearish Bets
Posted on January 08, 2013 at 14:45 PM EST
Sears Holdings Corporation's (NASDAQ:SHLD) nearly 6% plunge in today's session has put players circling with the bearishly slanted options trading at more than five times the average intraday pace for puts. A group of these speculators are betting on this dreary price action to continue through week's end and are scooping up SHLD's 1/11 39-strike puts. Of the roughly 1 200 contracts that have traded here as of 12 p.m. EST 92% have gone off at the ask price implied volatility was last seen 17.6 percentage points higher and only 48 positions currently make up open interest pointing to ...
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