HSBC (HBC, news, chart) is seeing three times its normal trading volume on increasing put volume. Shares are trading up 59 cents to $78.53 and 25,000 puts have already traded, or roughly ten times the number of call options. The September 70 and 75 puts are the most actives, with approximately 85 percent of today’s trading activity hitting askside. Sentiment indicated by today’s early order flow is 62 percent bearish. No news today. Still checking.

HBC Sentiment