New York Times (NYT) is down 3 pennies to $6.73 and 6,100 puts traded Tuesday. The put volume represents 13X (1,344 percent) the expected and compares to 100 call options. Top trade of the day is a block of 1,705 July 7.5 calls for $1.45 on the ISE, where sentiment data indicate an opening customer put buyers. It appears to be an opening customer purchase of 3000 contracts. Implied volatility is up to 80 from 76 after a Miama Herald article titled “Twitter Poses a Risk to Newspapers” made the rounds Tuesday morning (Link to Story.) Not long after, OptionMonster wrote on Twitter that NYT, along with GCI, WPO, PSO, and SSP, is on their “newspaper watch list.”