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19,200 Earning Expiration Puts Trade in Technipfmc PLC Ordinary Share (Symbol: FTI)

Articles From: Interactive Brokers
Website: Interactive Brokers

By:

Sr. Trading Education Specialist

Interactive Brokers

This morning 19,200 Technipfmc PLC Ordinary Share (Symbol: FTI) March 15 ’24 16 puts trade for an average price of $0.135. At the time of the trade FTI was trading at $18.97. The puts are an 11 delta, so the trade is the equivalent of 211,200 shares of stock. FTI earnings are expected to be released on February 22 so the trader may either be anticipating a downward stock move and looking to profit or protecting a long position.

FTI earnings have underperformed estimates in seven of the past eight earning cycles.

FTI earnings have underperformed estimates in seven of the past eight earning cycles.

Source: IBKR TWS. Past performance is not indicative of future results

FTI is currently trading at $18.99. FTI has a 52-week high of $22.78 and a 52-week low of $12.01.

FTI is currently trading at $18.99. FTI has a 52-week high of $22.78 and a 52-week low of $12.01.

Source: IBKR TWS. Past performance is not indicative of future results

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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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