5,700 Downside Puts Trade in FMC Corporation (Symbol: FMC)

Articles From: Interactive Brokers
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Sr. Trading Education Specialist

This morning 5,700 FMC Corporation (Symbol: FMC) October 20 ’23 80 puts traded at $1.08. The open interest in the FMC puts was 3,000 contracts so this was an opening trade. The FMC October 20 ’23 80 puts are a 20 delta, so the trade was the equivalent of 114,000 shares of stock.

FMC earnings are expected to be released between October 30th and November 3rd so the puts will expire prior to the release and may be a trader hedging their downside risk on a long stock position or someone anticipating a downward movement in the stock.

FMC is currently trading at $87.24, near its 52-week low of $86.62. FMC has a 52-week high of $133.13.

FMC is currently trading at $87.24, near its 52-week low of $86.62. FMC has a 52-week high of $133.13.

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