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Tuesday, July 13, 2010

TLVT


Today's unusual options trading, from whatstrading.com .




TLVT is seeing heavy put buying in November 17.50's and 20's


July open interest is centered on 20 calls, so a Friday close below 20 would cause them to expire worthless. A close at or near 17.50 would probably cause the most damage here.



TLVT has been in a horrendous downtrend since January, giving up over half it's value. It's probably a pretty safe bet that this will stay under 20 until after options ex. 17.50 might be a more difficult call.

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