On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Darden Restaurants, Inc. DRI traded 18 times the average daily put volume on Wednesday. Puts outpaced calls by 3-to-1, he added.
Check out other stocks making moves in the premarket.
There was a buyer of 1,000 of the October 130/115 1x2 put spreads at an average price of $2.40 per contract, Khouw mentioned. The trader expects shares of Darden Restaurants to decline by 13% by October expiration, he added.
DRI Price Action: Shares of Darden Restaurants were down 3.41% premarket Thursday at $126.80 following the company's first-quarter report.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
