Ryland (RYL) is off 3 cents to $18.84 and it appears that an investor sold Jan 20 puts at $1.55 (to close) to open a new position in the April 16 – 20 put spread at $1.90, 20000X on PHLX. This is possibly an investor looking to hedge a position in the homebuilder an extra few months.
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Ryland Group Inc (RYL) $18.75 -0.64%
Posted on December 18th, 2009 10:32 am
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