From Steve Smith. Netgear shares are off 25c to $18.25 and option volume is 4x the daily average driven by the July $22.50/$20 put spread which trades 1,250x at a $2.10 credit. This looks like a roll down (sell to close the $22.50s, buy to open the $20s) likely closing position opened 6/17 when stock was trading around $21 a share.
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.