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Large Vertical Put Spread Trades in Euronav NV (Symbol: EURN)

OptionWatch:

Large Vertical Put Spread Trades in Euronav NV (Symbol: EURN)

Posted May 15, 2023
Jeff Praissman
Interactive Brokers

This morning 2,500 May 19 ’23 15/16 vertical put spreads traded in Euronav NV (Symbol: EURN). The spread is a 35 delta and the equivalent of 87,500 shares of stock. The buyer paid $0.18 for the spread and will profit if the stock trades $15.81 or lower before expiration. Stock is currently trading at $16.00.

EURN has a 52-week high of $21.00 and  a 52-week low of $10.47.

EURN has a 52-week high of $21.00 and  a 52-week low of $10.47.

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Multiple leg strategies, including spreads and straddles, will incur multiple commission charges.

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