Puts rolled on Life Time Fitness

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Life Time Fitness is making a presentation this afternoon, and one investor is rolling forward a protective position in the sports-club stock.

optionMONSTER's tracking systems detected the sale of 1,993 July 40 puts for $6.73 against existing open interest, while a new position was opened in an equal number of August 35 puts for $4.08.

LTM Chart The athletic facilities operator fell 4.38 percent to $33.06 in early afternoon trading. LTM has held up better than most other stocks recently, climbing 12 percent in the last three months, while the S&P 500 is down 11 percent over the same period.

The put trade let the investor recover $2.65 of premium and provided an additional month of downside protection at a lower strike. The activity appeared before LTM's presentation at the Oppenheimer Consumer, Gaming, Lodging & Leisure Conference, scheduled for 1:35 p.m. ET.

The company, which operates "resort-like" fitness centers, reported better-than-expected earnings and raised its full-year guidance on April 22, fueled by strong member growth. The shares have been consolidating between $32 and $40 since.

The next earnings report is scheduled for the premarket of July 22.

Overall options volume in LTM is 11 times greater than average so far today, with puts accounting for 97 percent of the activity.

(Chart courtesy of tradeMONSTER)



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.

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This article appears in: Investing , Options

Referenced Stocks: LTM

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