Paper sold the MDLZ Jun 37 puts at 1.39 20,000 times. If the stock does drop below 37 the customer may want to take delivery.
Mondalez International Inc. (MDLZ) is trading at 43, and has an IV30 of 29.80, an HV10 of 34.50, an ADV of 11,000 contracts, and open interest of 522,000 contracts. There has been a lot of bullish put selling today in which a put seller sold the Jun 37 puts at 1.39 20,000 times.
The put seller appears to be looking to collect the 1.39 in premium he or she sold at the 37 strike, and if the stock does drop below 37, which would be about a 15%+ drop in the underlying price the customer may want to take delivery.
This trade should be considered mildly bullish MLDZ and bearish volatility in the name.