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Large Earnings Month Puts Trade in Avantor, Inc.  (Symbol: AVTR)

OptionWatch:

Large Earnings Month Puts Trade in Avantor, Inc.  (Symbol: AVTR)

Posted January 9, 2024
Jeff Praissman
Interactive Brokers

This morning 16,400 Avantor, Inc.  (Symbol: AVTR) February 19 ’24 19 puts traded at $0.17. At the time of the trade AVTR was trading at $21.81. The AVTR 19 puts are a 9.5 delta, so the trade is the equivalent of 155,800 shares of stock.

AVTR is expected to release earnings between February 1st – 5th so expiration will fall after the earnings release. This may be an investor who is either protecting the downside of a long position or speculating that AVTR will move to the downside after the release. AVTR has missed earning expectations the past two cycles.

AVTR is currently trading at $22.40. AVTR has a 52-week high of $25.25 and a 52-week low of $16.64.

AVTR is currently trading at $22.40. AVTR has a 52-week high of $25.25 and a 52-week low of $16.64.

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The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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