US EditionUnusual Options Activity: Peabody Energy (BTU)
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Unusual Options Activity: Peabody Energy (BTU)
Coal producer Peabody Energy (BTU) has been roughly cut in half this year, amid a lackluster energy market. One trader sees further downside in the weeks ahead. That’s based on the June $11 puts. With 61 days until expiration, 5,549 contracts traded compared to a prior open interest of 160, for a 35-fold rise in volume on the trade. The buyer of the puts paid $0.92 to make the bullish bet. Peabody shares recently traded for about $12, so they wo…
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