Manchester United plc (MANU) Options Action Predicting Limited Downside - Susquehanna

Susquehanna's options strategist Alison Edwards highlighted options activity in Manchester United plc (NYSE: MANU), saying investors continue creating an entry level.

"In Manchester United, an opening investor sold 2k Dec 11 (.50d) puts at $1.05, adding to 3k sold last week," Edwards commented. "Investors appear to think downside is relatively limited below current levels, and are willing to buy 500k shares in total looking out to mid-Dec."

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