ODP – Office Depot, Inc. – The global supplier of office supplies and services attracted bearish options players during the session with the price of its shares declining more than 2.5% to $4.26 as of 12:30 pm ET. Investors expecting ODP’s shares to remain bogged down for the next couple of months sold nearly 3,000 calls at the November $5.0 strike to take in premium of $0.10 per contract. Call sellers keep the premium received on the transaction as long as Office Depot’s shares fail to rally above $5.00 by expiration day. If traders are selling the calls uncovered they face potentially disastrous losses should ODP’s shares fly higher ahead of November expiration. Losses start to accumulate in this scenario if shares surge 19.7% to trade above the average breakeven price of $5.10 by expiration in November.