Options Brief: Sempra Energy (SRE)

SRE – Sempra Energy – Near-term bearish options investors honed in on July contract put options on Sempra Energy despite the 1.00% rally in shares of the energy services holding company to $48.72 this afternoon. Pessimistic players wary Sempra’s shares could reverse course ahead of July expiration purchased approximately 4,000 puts at the July $45 strike for an average premium of $0.31 apiece. Put buyers at this strike price profit if shares of the underlying stock fall 8.3% to breach the average breakeven price of $44.69 by expiration day next month.

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.

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