Paper bout 6000 AMAT Dec 28 puts tied to stock delta neutral.? Based on the open interest this is a closing trade.
Applied Materials Inc., trading 31.81 (up .14) with an IV30 of 23.88 up .54 with an HV10 of 29.03, saw an OTM put purchase tied up to stock.? The stock, with an ADV of 14,200 and an OI of 197,000 contracts, saw a customer buy 6000 of the Dec 28 puts for .06 tied to stock delta neutral.? Based on the open interest this is a closing trade.
This appears to be a customer that sold 6000 of the AMAT Dec 28 puts on 10/31 when the stock was 2.80 lower closing a winning trade.? The customer did the trade in conjunction with a Dec 30/32 ratio call spread.
This trade is neutral the stock and the underlying but the customer appears to be pretty smart and this size and style of trade should be watched.