Stripnomics

September 18 - Prologis (PLD) – A similar setup was observed in options of Prologis, whose shares are down nearly 15% to $36.27. A 6-to-1 overweight of put activity sent implied volatility 22.6% higher to 85.4% (versus 59.5% historic deviation on the underlying stock), and option volume to more than 9 times the normal level. The total active volume trading in Prologis today adds up to one of every 4 open contracts in active deployment. Again this appears in January puts, where a trader may have closed out a spread position at the 45/55 strikes. 

This trader must be a GENIUS.

This entry was posted on Wednesday, November 12th, 2008 at 12:26 pm and is filed under Economics, Gambling, ProLogis (PLD), Real Estate, Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.