JDS Uniphase Seeing Elevated Put Buying
JDS Uniphase (NASDAQ: JDSU) saw elevated Put buying on Monday morning. More than 8k August 8 Put contracts were bought, with the largest block trading at $0.30. Currently, open interest shows a bit more than 600 contracts - this morning's activity could be an opening buyer bracing for the shares to trade below $8 in the coming weeks. Total option activity is already three times the stock's daily contract volume.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.