VRSN – VeriSign, Inc. – Options traders are picking up put options on the provider of Internet infrastructure products and services today ahead of the firm’s second-quarter earnings report scheduled for release after the closing bell this evening. VeriSign’s shares are currently flat on the day at $28.15 as of 1:05 pm ET. Investors are perhaps hedging an earnings disappointment by purchasing approximately 1,100 put options at the August $28 strike for an average premium of $0.98 each. Put buyers make money if VRSN’s shares fall 4.00% to breach the average breakeven point on the downside at $27.02 by August expiration day.
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