Cheniere Energy, Inc. (LNG) put volume took off after Carl Icahn announced his new stake in the company
The Dow closed lower for the seventh straight session, and the Nasdaq had a similarly dreary day, as several biotech stocks suffered. Across all 12 options exchanges, 7.86 million calls crossed, compared to 8.34 million puts. The day's put/call volume ratio closed at 1.06.
Cheniere Energy, Inc. (NYSEMKT:LNG) put volume jumped to four times the average amount after Carl Icahn disclosed a stake in the company. J C Penney Company Inc (NYSE:JCP) also saw puts exchanged at four times the typical pace, as the retailer prepares to release earnings a week from today.
Meanwhile, call volume on SYSCO Corporation (NYSE:SYY) ended at 12 times the daily norm. Additionally, even with the stock sliding for the second straight day, Sunedison Inc (NYSE:SUNE) calls crossed at four times what's normally seen.
