Radioshack put activity is looking for shares to sell off Radioshack (RSH) puts are seeing early activity 5x the normal amount of puts expected to trade in the 30 minutes of trading!
The focus has been on October 12.5 put strike where, 5,600 calls have traded exceeding the current open interest of 5,582 contracts. order flow is pointing to a bearish sentiment with 85% of the trades hitting ask-side. Implied volatility is flat from yesterday sitting at 68%.
Technically, a recent upward trend has been broken going from March lows. Shares are seeing a bounce off the 50 DMA.
( This is a version of what appeared in our Trader Pro Service this morning )
Activity finished with 12k puts crossing the tape vs 746 calls. The open interest in the October 12.50 strike finished with 7,588 contracts traded. Also seeing interest late in the day was the July 15 put strike where 1,779 calls traded vs an open interest of 1,532 contracts.
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