Option flow in Goodyear Tire suggests bearish outlook

Option flow in Goodyear Tire suggests bearish outlook. Shares off nearly 4c, or -0.26%, this afternoon near $13.43 following a large block on the Amex floor where a trader paid 43.5c for 10k Aug 12 puts to open a new position as shares traded $13.53. $435k block of premium is nearly 4x the typical daily put volume in the name, representing 1M shares, or nearly 20% of the average daily volume in the underlying.