Oshkosh (OSK) is seeing 16 times its normal trading volume on heavy volume in the October 35 and January 35 puts. More than 12,400 of each has traded. It seems that the Octobers were sold and the January 35s bought to open. The action is perhaps part of a calendar spread or possibly a player closing out a position in October puts and rolling to January. Open interest in the October contract is 12,588, compared to 58 contracts in the January 35s. Next earnings scheduled for late July.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.