This morning 1,000 Vontier Corporation (Symbol: VNT) March 15 ’24 35 puts traded for $0.95. AT the time of the trade VNT was trading at $35.66. The VNT puts are a 38 delta, so the trade is the equivalent of 38,000 shares of stock.
This was an opening trade as the open interest was less than 20 contracts this morning. Earnings are expected to be released before the market open son February 15th so these options will be active during the release, however the trader could have also traded the February 16th expiration to capture any movement due to earnings if this was their intention.
VNT is currently trading at $35.71. VNT has a 52-week high of $36.87 and a 52-week low of $23.04.
Source: IBKR TWS. Past performance is not indicative of future results
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Disclosure: Options Trading
Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ
