CAKE – The Cheesecake Factory, Inc. – Investors breakfasted on Cheesecake Factory put options this morning with shares of the operator of casual, full-service dining restaurants trading 1.30% higher at $25.73 just before 10:50 am (ET). At least 2,100 lots of current total put volume of 5,230 contracts at the October $20 strike were sold short for an average premium of $1.00 apiece. Put sellers keep the full premium received on the transaction as long as Cheesecake’s share price exceeds $20.00 through October expiration. The overall reading of options implied volatility on the stock is down 8.00% to 46.44% in morning trading.
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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.
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