United Therapeutics (UTHR) adds 48 cents to $47.74 and a Sep 45 – 50 put spread trades on the Silver Spring, MD drug-maker, 1500X on ISE. Sentiment data indicate that $2.35 was collected to open a new position. Shares gained 3.3 percent on 7/28 after earnings were reported, but it’s been mostly downhill from that point forward and UTHR is off 16.8 percent month-to-date. Today’s spread trader might be expecting the stock to recapture $50 through the September expiration and/or is a willing buyer of the stock at that price.
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.