Media stocks DIS and NFLX attracted put traders, while September-dated options were hot on MBLY and DDD
The Dow and its sector peers were slaughtered today, with tech pacing a broad-market swoon. Across all 12 options exchanges, a whopping 10.8 million calls crossed, compared to 12.7 million puts. The day's put/call volume ratio closed at 1.18.
Walt Disney Co (NYSE:DIS) led a media meltdown -- and all 30 Dow losers -- prompted by bearish brokerage attention. As the shares circled the century mark, DIS puts traded at four times the average intraday pace. Netflix, Inc. (NASDAQ:NFLX) didn't escape the Street's wrath, suffering its worst slide since October. As such, NFLX puts were hot commodities, trading at three times the normal pace.
Mobileye NV (NYSE:MBLY) followed tech stocks into the red, and the stock's options went off at two times the typical daily clip, with most of the action centering on the soon-to-be front-month September 55 strike. 3D Systems Corporation (NYSE:DDD) was the target of spread activity in the September and January 2016 series, with options trading at three times the norm.
