Today paper traded a sizable ratio put stupid in CBRE.
Today paper traded a sizable ratio put stupid in CBRE. Paper lifted the offer on 3200 September 33 puts for prices ranging from $.45-$.55.?Paper also lifted the offer on 1600 December 33 puts at prices ranging from $1 to $1.05.?
The open interest on both strikes is negligible.?
This trade has the hallmark of a long equity holder looking to spread out his protection or a bearish speculator looking a downturn in CBRE over the next six months.?
CBRE Group, Inc. is a holding company that conducts all of its operations through its subsidiaries.?