Mallinckrodt (MNK) Tops Q3 EPS by 10c

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Put Buying Activity in Mallinckrodt (MNK) Targets 41% Downside in Shares Through April 2020 -Susquehanna

November 6, 2019 1:48 PM EST

Susquehanna options strategist Alison Edwards notes put buying activity in Mallinckrodt (NYSE: MNK), as an opening investor in bought 7k Apr 4 Puts for $2.10, adding to 16k in long open interest. The bearish investor buys in the money puts breaking even on a 41% pullback in the underlying.

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Put Buying Activity in Mallinckrodt (MNK) Highlights 'Cautious Bias' in Shares Through April 2020 -Susquehanna

November 4, 2019 2:47 PM EST

Susquehanna options strategist Alison Edwards notes put buying activity in Mallinckrodt (NYSE: MNK), as an opening investor bought 13.5k Apr 4 Puts for $1.90, implying a longer-dated cautious bias. Earnings are expected tomorrow morning, but this April wouldnt typically be viewed as earnings positioning

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