Shares of JP Morgan dipped yesterday, but one large trade is
looking for the stock to hold current levels.
More than 61,000 JPM options turned over yesterday, above
its daily average for the last month. Topping the action were the Weekly 51
puts that expire on Nov. 29.
A block of 7,652 puts was sold for $0.47, below the listed
bid price at the time. It is clearly a new position, as previous open interest
was just 966 contracts. Read more.
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