National Bank of Greece SA (NBG) $1.80 +1.69%
13,000 puts traded in the National Bank of Greece (NBG) today. Shares are up 2 cents to $1.79 and one investor sold 4,000 April 2 puts at 20 cents to buy the May puts with the 1.74 strike at 22.5 cents, 6000X. Volume in the May 1.74 puts (which have an odd strike price because of an Oct 15 adjustment due to a cash distribution) is more than 9,000. Open interest in the contract is 9,379 and the second largest position in the name. Today’s purchase might add to that open interest, as buyers were actively opening positions in the contract in late-March as well (see 3/31 color).
Category: All Stocks, Banks, Small Cap Stocks
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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.
