Put sale tunes into Grupo Televisa

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Grupo Televisa has been grinding higher, and one investor apparently thinks that it's on solid ground into the New Year.

optionMONSTER's monitoring systems detected the sale of 3,500 January 29 puts for $0.50 and $0.55. There was no open interest before the trade appeared, indicating that new positions were initiated.

The put seller is now obligated to buy shares in the Latin American media company for $29 if they close below that level on expiration. The purchase price would be $28.50 to $28.55 because of the credit already received. (See our Education section for more on the strategy, which profits from time decay rather than a directional move.)

TV fell 0.2 percent to $29.71 yesterday and is up 25 percent in the last six months. It's been slowly working its way higher since the market bottomed almost four years ago and is now pushing against all-time highs made back in 2007.

Total option volume was 88 times greater than average in the session.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.


This article appears in: Investing , Options

Referenced Stocks: TV

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