Options Data

Today's unusual opions trading, form whatstrading.com.

When I see an enormously abnormal trade, I like to take a look and try to figure out what the trader is thinking. In ATML's case, we may have more than one. Put volume is heavily concentrated in August 5 puts, but in this case it already had a pretty high open interest. As I said, this could be more than one trader. There is also heavy open interest in May 5 puts.

ATML is now trading just above the strike price, and this chart does not look especially bullish to me, so I wouldn't be surprised to see it go either way. 5 puts would be a good hedge on a long position here, or a decent speculative position on a drop below 5. At .45 cents per option, the August 5's are quiter cheap.