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Over 8,000 Downside Puts Trade in Host Hotels & Resorts, Inc. (Symbol: HST)

OptionWatch:

Over 8,000 Downside Puts Trade in Host Hotels & Resorts, Inc. (Symbol: HST)

Posted May 4, 2023
Jeff Praissman
Interactive Brokers

This morning over 8,000 Host Hotels & Resorts, Inc. (Symbol: HST) July 21 ’23 15.8 puts traded.  The puts are a 32 delta and are the equivalent of over 270,000 shares of stock. The open interest on the HST July 21 ’23 15.8 puts this morning was approximately 100 contracts so this is an opening trade with the buyer of the puts taking a bearish position or possibly covering their downside if they have a large, long stock position. HST released earnings after the close and had better than expected quarterly funds from operation (FFO). The stock is currently trading up over 2%.

HST has a 52-week high of $20.97 and a 52-week low of $14.51.

HST has a 52-week high of $20.97 and a 52-week low of $14.51.

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