Shares of U.S. Airways have been gaining altitude in recent days, and a huge trade is betting that the stock will hold current levels by the end of next week.
optionMONSTER’s tracking systems detected the sale of 20,000 March 13 puts in a single print for $0.09 yesterday. The volume was above the strike’s open interest of 15,893 contracts before the session began, showing that this is a new position.
These short puts are looking for LCC to stay above $13 through expiration eight sessions from now. If the stock falls below that strike price, the traders will face the obligation to buy shares at that level.
— Option Monster