AFLAC! is off 50 cents to $42.46 and a Jul – Aug 34 put spread trades on the insurance company for 15 cents, 5000X on ISE. Data from the exchange is reporting a customer bought the spread, to open. If so, they’re probably looking for the stock to hold above $34 (~20%) through next week’s expiration and then possibly trade lower from that point forward. Maybe it’s an earnings play. The company reports the afternoon of July 24.
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.