Teradyne (TER) slipped 16 cents to $5.17 and 2,140 puts trade so far today, or about 26X (2643 percent) the expected volume for midday. The activity is scattered across Oct and Jan-10 puts at the $5 and $7.5 strikes. Volume exceeds open interest in all four contracts and ISE Sentiment data confirm that customers are opening new put positions in the chip equipment maker. No news on the stock today. Earnings due out around Apr 22 (date unconfirmed).
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.