Puts Purchased on First BanCorp (FBP)

Shares of First BanCorp FBP are lower on the session by 13.53%, currently trading at $0.561. The stock has been trading largely lower over the past four months, off from recent highs near $3.70. Options traders are buying puts on the name today, betting that a further sell off may be in order. The July $2.50 put was purchased 1,300 times earlier in the session. Open interest on the strike is 2,455 contracts. Put volume is now running at 2.5x the daily average. Benzinga highlighted put buying on FBP yesterday; the stock is off 13.55% since that call. FirstBanCorp is a publicly owned financial holding company. The company provides a range of financial services for retail, commercial and institutional clients. Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: Short IdeasTechnicalsOptionsMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!