OptionWatch:

900 Put Spreads Trade in Owens & Minor, Inc. (Symbol:OMI)

Articles From: Interactive Brokers
Website: Interactive Brokers

By:

Sr. Trading Education Specialist

Interactive Brokers

This morning 900 February 16 ’24 19 / 17 vertical put spreads traded at $0.35 in Owens & Minor, Inc.  (Symbol: OMI). The overall delta of the spread is 34, so the OMI spread is the equivalent of 30,600. The trader most likely bought the OMI February 19 puts and sold the OMI February 17 puts judging by the price of the spread. At the time of the trade OMI was trading at $19.15. The trader will benefit from OMI falling below $19.00 and begin profiting if stock goes below $18.65 with a maximum profit achieved at OMI trading at $17.01, right above the short 17 put line.

OMI is currently trading at $19.16. OMI has a 52-week high of $23.42 and a 52-week low of $11.79.

OMI is currently trading at $19.16. OMI has a 52-week high of $23.42 and a 52-week low of $11.79.

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

2 thoughts on “900 Put Spreads Trade in Owens & Minor, Inc. (Symbol:OMI)”

  1. I would be interested to know how to search for unusual options volume spike for not so popular stocks. And does trading the Bull put spreads on low volume options help making profit if a stock price remains flat during options expiry?

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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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Disclosure: Options (with multiple legs)

Options involve risk and are not suitable for all investors. For information on the uses and risks of options, you can obtain a copy of the Options Clearing Corporation risk disclosure document titled Characteristics and Risks of Standardized Options by clicking the link below. Multiple leg strategies, including spreads, will incur multiple transaction costs. “Characteristics and Risks of Standardized Options”