Shutterfly (SFLY) puts active as shares pull back 11% on Amazon launches photo service

September 21, 2016 3:12 PM EDT

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Shutterfly (NASDAQ: SFLY) October 45 and 47.50 puts are active on total put volume of 3,300 contracts (355 calls) on after Amazon (AMZN) launches photo service 'Amazon Prints'. October put option implied volatility is at 40, November is at 45; compared to its 52-week range of 22 to 55.

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