Puts Sold on ValueClick (VCLK)
Shares of ValueClick Inc. (NASDAQ: VCLK) are lower on the session by 0.37%, currently trading at $10.74. The stock has been trading largely higher over the past five months, but has sold off as of late and is now testing the 200-day moving average.
Options traders are selling puts on the name today. The December $10.00 put was sold 1,900 times, on or near the bid, on open interest of 6,206 contracts. This suggests that a long put position was closed out.
Put volume is now running at 3x the daily average.
ValueClick, Inc. is an online marketing services company. The company sells targeted and measurable online advertising campaigns and programs for advertisers and advertising agency customers, generating qualified customer leads, online sales and increased brand recognition on their behalf with large numbers of online consumers.
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