Options Brief: DeVry (DV)

DV – DeVry, Inc. – Shares of the owner and operator of for-profit schools and colleges slipped slightly lower by 0.05% to stand at $57.02 by 12:50 pm (ET). DeVry popped up on our ‘hot by options volume’ market scanner in the first half of the trading session due to bearish put buying activity in the July contract. Investors bracing for continued erosion in the price of DeVry’s shares picked up at least 3,100 puts at the July $50 strike for an average premium of $0.86 per contract. Put players are poised to profit should shares of the underlying stock plummet 13.8% to trade beneath the average breakeven price of $49.14 by July expiration.

About Andrew Wilkinson 1023 Articles

Affiliation: Interactive Brokers

Andrew Wilkinson is the senior market analyst at Interactive Brokers Group, where he provides daily commentary and analysis on U.S. equity options trading throughout the trading day. Andrew provides webinars designed to explain option-related trading scenarios covering futures, fixed income, forex and equities.

Interactive Brokers: Interactive Brokers offers direct market access to around 80 electronic global markets from a single account. Successful traders and investors understand that superior technology and lower trading costs can result in greater returns. For 32 years we have been building direct access trading technology that delivers real advantages to professionals worldwide. With consolidated equity capital of US $4.4 billion, IB and its affiliates exceed 1,000,000 trades per day. In addition, our prudent and conservative risk policies make Interactive Brokers a safe haven for your money. Discover some of the reasons why IB, the largest independent US broker/dealer, is the professional traders' and investors' choice.

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