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
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
section for more on the strategy, which profits from
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
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