Downside Protection Purchased in NetSuite (N)

Shares of NetSuite Inc.

are lower on the session by 1.10%, currently trading at $19.77. The stock has been moving largely higher over the past three months, bouncing off of $12.00 andd screaming to the topside on takeover chatter, fueled by momentum traders. Options traders are buying protection on the name today. The September $20.00 call was purchased 1,000 times, on the offer, for $0.60 a short while ago; open interest on the strike is only 2 contracts. This signals new positioning on the name. Put volume is currently running at 33.80x the daily average with 100% of all puts traded being purchases on the offer. NetSuite Inc. provides an on-demand, integrated business management application suite, which provides Accounting/Enterprise Resource Planning, Customer Relationship Management and Ecommerce functionality to medium-sized businesses and divisions of large companies. It also offers customers support and professional services related to the suite. For more great research like this, as well as how to play it through options…please visit

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