Make that a Large Investor Short position.
Apollo Education May 28 and 29 puts are active on total put volume of 12K puts (1K calls) on speculation of a large investor short position. May weekly put option implied volatility is at 78, June is at 37, July is at 45; compared to its 26-week average of 36 according to Track Data. Active put volume suggests traders taking positions for downside price movement.
Apollo Education May 28 and 29 puts are active on total put volume of 12K puts (1K calls) on speculation of a large investor short position. May weekly put option implied volatility is at 78, June is at 37, July is at 45; compared to its 26-week average of 36 according to Track Data. Active put volume suggests traders taking positions for downside price movement.