Paper bought 1148 PCTI July 5 puts for .40.? This trade was an opening trade as it exceeds total open interest in PCTI.
PC Tel Inc., trading 5.25 (up .11) with an HV10 of 28, saw a put buyer today.? The stock with contract OI of 14 saw a customer buy 1148 of the July 5 puts paying .40.? This trade was an opening trade as it exceeds total open interest in PCTI.
This stock was near 10 years ago and appears to rarely trade options.?? This customer is probably a somewhat large holder setting up a hedge, or it could be a trader that thinks PCTI is going to continue its path lower and eventually going to go out of business.
This trade is bearish PCTI and aggressively bullish volatility in PCTI.