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Downside April Puts Trade in Endeavor Group Holdings, Inc. (Symbol: EDR)


Downside April Puts Trade in Endeavor Group Holdings, Inc. (Symbol: EDR)

Posted April 4, 2023 at 11:20 am
Jeff Praissman
Interactive Brokers

This morning over 4,500 Endeavor Group Holdings, Inc. (Symbol: EDR) April 21 ’23 20 puts traded between $0.10 and $0.11. At a 15 delta the trade represents selling 67,500 shares of stock. The open interest at the time of the trade in the April 21 ’23 20 puts was 2,500 contracts so the entire trade is most likely an opening trade. Earnings are not expected to be released until mid-May so the trader may be protecting an existing  long position or expecting EDR to drop in the next 17 trading days.

EDR has a 52-week high of $29.61 and a 52-week low of $17.42.

EDR has a 52-week high of $29.61 and a 52-week low of $17.42.
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