Bears Look for More has been getting sold, and the bears are looking for more.

optionMONSTER’s Depth Charge monitoring program detected the purchase of 8,826 weekly 55 puts expiring on April 4 for $0.89. An equal number of short-term 57.50s expiring this Friday were sold at the same time for $1.59, but volume was below open interest in those. So it looks like he or she rolled a position forward in time and down in price.

They collected a credit of $0.70 in the process and now have an additional week of downside exposure. He or she will also avoid being assigned a short position in the stock at expiration five days from now.

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