Put Seller in Alpha Natural Resources
Alpha Natural Resources (NYSE: ANR) saw what appears to be an opening August 5 put seller on Tuesday.
12,500 contracts traded on the bid of $0.11 and, with implied volatility slipping 3%, it looks like a seller placing a bet that the shares will remain above $5.00 over the next 3.5 weeks. If that is the case, today's trade initiator would pocket the total premium ($137.5k) collected today. This morning's activity has already pushed total contract volume above ANR's average daily volume.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.