US EditionUnusual Options Activity: Keycorp (KEY)
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Unusual Options Activity: Keycorp (KEY)
Regional bank KeyCorp (KEY) has traded flat over the past year, with shares recently sliding over 20% from their 52-week highs. One trader sees further downside in the weeks ahead. That’s based on the May $12 puts. With 29 days until expiration, 32,986 contracts traded, a massive 244-fold increase in open interest from the prior volume of 135 contracts. The buyer of the puts paid $0.18 to make the bearish bet. KeyCorp recently traded for about $…
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