A trader is looking for St. Jude Medical to hold current levels in the next month.
About 2,100 STJ options have traded today, and while that isn’t huge, it is twice the daily average for the last month. And almost all of the volume is in one print.
optionMONSTER systems detected the sale of 2,000 November 55 puts for the bid price of $0.60. The volume was about 4 times the previous open interest at that strike, so it is clearly a new position.
— Option Monster