A trader bought the EFA August $54/$57/$60 put butterfly 9,500x19,000 for a $0.45 debit, or $427,500.
Risk/Reward
The trader is making a slightly bearish bet on EFA. EFA closed trading today at $60.58. The spread has limited risk and limited profit potential. The spread's break even price is $59.55. The max profit potential occurs at an underlying stock price of $57 by August expiration.
The chart shown above is the EFA daily stock chart. The white line is the break even underlying price. The green line is the underlying max profit price. EFA traded 97,386 option contracts compared to average daily volume of 54,255.
The Trade:
A trader bought the August $330/$335/$340 put butterfly 7,250x14,500 for a $0.17 debit, or $123,250.
Risk/Reward:
The trader is making a bearish bet on Apple. Apple closed trading today at $357.20. The fly's break even price is $339.83. The spread's max profit potential occurs at an underlying stock price of $335 by August expiration.
The white line shown in the Apple daily stock chart is the break even underlying stock price. The green line shows the max profit stock price by August expiration. Apple traded 572,591 option contracts compared to average daily volume of 343,096.
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No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.
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