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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