Options Brief: VeriSign (VRSN)

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.

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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