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OptionWatch:

2,500 Downside Puts Trade Ahead of Earnings in Tenaris S.A. (Symbol: TS)

Posted July 30, 2024 at 10:45 am
Jeff Praissman
Interactive Brokers

This morning 2,500 downside August 16 ’24 puts in Tenaris S.A. (Symbol: TS) traded; 800 of the TS 27.5 puts and 1,700 of the TS  30 puts. TS is expected to release earnings tomorrow after the market closes, so these trades are most likely an earnings play. They are opening trades, and the trader may be hedging either a long stock position or speculating that TS may have a downside move after the release. 

TS is currently trading for $31.56. TS has a 52-week high of $39.81 and a 52-week low of $28.55.  

TS is currently trading for $31.56. TS has a 52-week high of $39.81 and a 52-week low of $28.55.  

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