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Size put sale in Bumble likely replaces expired Dec 10 position
The Fly

Size put sale in Bumble likely replaces expired Dec 10 position

Size put sale in Bumble likely replaces expired Dec 10 position. Shares of the dating site operator off 11c, or .73%, this mornign near $15.05 with puts leading calls 20:1 after a large trade on the BOX floor where a customer sold 20500 Jan 12th 13 puts for 12c to open a new position. Block size is nearly 4x the avg daily volume in the name, and is similar in size to a block of Dec 10 puts that expired out of the money on Friday. Those puts were sold for a dime on Oct 25th when shares were 13.30. Todays $246k premium sale suggests optimism that shares will stay above the 13% otm strike into the new year. Earnings late Feb.

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