DOW – Dow Chemical Co. – Bullish options investors were quick to initiate optimistic transactions on Dow Chemical this morning with shares of the manufacturer of chemicals, plastic materials and agricultural products trading higher by 2.90% to stand at $26.18 by 10:40 am (ET). Early-bird investors sold short nearly 6,500 puts at the July $20 strike to take in an average premium of $0.195 per contract. Put sellers keep the full premium received on the sale as long as DOW’s share price exceeds $20.00 through expiration day next month. Dow Chemical’s shares have not traded near $20.00 since September 4, 2009.
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