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.
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