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December Put Spread Trades in Nexstar Media Group, Inc. (Symbol: NXST)

OptionWatch:

December Put Spread Trades in Nexstar Media Group, Inc. (Symbol: NXST)

Posted September 5, 2023
Jeff Praissman
Interactive Brokers

This morning 650 December 15 ’23 100/120 put spreads traded in Nexstar Media Group, Inc. (Symbol: NXST) for $2.30. The spread has a maximum value of $20 but would only gain value if the stock dropped to below $120. NXST is currently trading at $142.92. The NXST December 15 ’23 100/120 put spread has a 12 delta and is the equivalent of 7,800 shares of stock.

NXST has a 52-week high of $214.50 and a 52-week low of $140.82.

NXST has a 52-week high of $214.50 and a 52-week low of $140.82.

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