Traders are looking for Dillard's to hold its ground.
optionMONSTER's monitoring systems detected the sale of 8,453 January 60 puts in one print for $0.43 on Friday. Volume was more than 100 times open interest at the strike, which indicates new money was put to work.
Short puts lock in a price where investors must buy a stock, while letting them collect premium. Traders use the technique when they like a stock and think the risk of a big drop is limited. (See our Coaching section)
DDS fell 2.48 percent to $70.66 on Friday and is down 21 percent in the last three months. The department store operator's next quarterly report is estimated for after the close on Feb. 22.
Overall option volume was 10 times greater than average.
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