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Trader Takes Bearish Position on TechnipFMC plc (Symbol: FTI) in Earnings Release Expiration Month

OptionWatch:

Trader Takes Bearish Position on TechnipFMC plc (Symbol: FTI) in Earnings Release Expiration Month

Posted February 15, 2023
Jeff Praissman
Interactive Brokers

This morning a trader bought 12,500 TechnipFMC plc (Symbol: FTI) March 17’23 11 puts. The puts had no open interest at the time of the trade and at an eight delta are the equivalent of selling 100.000 shares of stock. FTI has a 52-week high of $14.32 and a 52-week low of $5.48.

FTI has a 52-week high of $14.32 and a 52-week low of $5.48.

Earnings are scheduled to be released on February 23rd which falls in the March 17’23 expiration and FTI has underperformed estimates the past eight earnings cycles.

Earnings are scheduled to be released on February 23rd which falls in the March 17’23 expiration and FTI has underperformed estimates the past eight earnings cycles.
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