Friday, September 4, 2009

CBE Puts Active Ahead of Removal From S&P500

Cooper Industries Ltd (CBE) put options are active for a second straight day. The stock will be removed from the S&P500 on September 8th (link). It appears that 2000 $30Oct puts were purchased (last transaction at $0.51) against a sell of $35Oct calls ($1.31), with shares trading at around $33.95.

Update/Correction (Sept 8): OptionMonster is reporting that the activity was actually bullish (put sells, call buys).

No comments:

Post a Comment