This morning 5,000 eXp World Holdings, Inc. (Symbol: EXPI) December 15 ’23 12.5 puts traded at $0.65. The NBBO at the time was $0.55/ $0.65 so the trader most likely paid the offer price. EXPI stock was trading at $13.44 at the time of the trade. The EXPI 12.5 puts are a 27 delta, so the trade is the equivalent of 135,000 shares of stock. The open interest at the time of the trade was over 5,000 contracts so it is hard to tell whether this trade closed out the existing position or it was an opening trade.
EXPI is currently trading at $14.05. EXPI has a 52-week high of $25.39 and a 52-week low of $9.88.
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