Put Buying Activity in Tanger Factory Outlet Centers (SKT) Targets 13% Downside in Shares Through June -Susquehanna

February 25, 2021 2:13 PM EST

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Susquehanna options strategist Alison Edwards notes put buying activity in Tanger Factory Outlet Centers (NYSE: SKT), as an investor purchased 15k Jun 17 Puts for $2.95. This investor opens downside protection to a move below $17 (Ref. $16.22) breaking even on a ~13% move lower.

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