El Pollo Loco Holdings Inc's (LOCO) dreadful day led to a surge in put players
The Dow finished higher -- but snapped a substantial trading streak -- as strong data and confirmation of a Greece bailout deal helped to lift stocks. Across all 12 options exchanges, 6.22 million calls crossed, compared to 5.91 million puts. The day's put/call volume ratio closed at 0.95.
El Pollo Loco Holdings Inc (NASDAQ:LOCO) puts changed hands at 21 times what's normally seen, as the shares hit an all-time low after the company unveiled worse-than-expected second-quarter revenue. King Digital Entertainment PLC (NYSE:KING) put volume finished at six times the norm after a disappointing bookings forecast, and subsequent round of bearish analyst attention.
Call volume on Target Corporation (NYSE:TGT) ran at nine times the expected daily pace ahead of next week's earnings report. WuXi PharmaTech (Cayman) Inc. (ADR) (NYSE:WX) call volume was almost nine times higher than normal thanks to M&A news.
