Wednesday, June 9, 2010

BP's Large July Put Activity Indicates Imminent Crash

BP's July put options today have significant trading on all out of the money (OTM) strikes, even 7.50, which seemed so far away a coupe of days ago. Looks like investors are counting on BP really heading there. 5 and 2.50 strikes need to be created soon.

As of 2:15PM:

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