Put Buying Activity Continues in Herbalife Nutrition (HLF), Targeting Downside in Shares Through August -Susquehanna

Susquehanna options strategist Alison Edwards notes put buying activity in Herbalife Nutrition (NYSE: HLF), as put buying continues in Herbalife with a buyer of nearly 4k Aug 35 puts, following a buyer of 6.5k Aug 45 puts bought on Friday following last week’s earnings pop (vs. closing May 36.5p). With shares up roughly 17% last week, investors appear to be looking to hedge (or seek exposure to) a pullback.

You May Also Be Interested In

• Explosions heard on Iran's Kharg island - MEHR
• Iran's recent attempts to hit American naval assets are raising alarms that regime is getting assistance from China or Russia - WSJ
• Casey's General Stores (CASY) call put ratio 1.3 calls to 1 put into the quarter results