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26,000 Puts Trade in Avantor, Inc. (Symbol: AVTR)

26,000 Puts Trade in Avantor, Inc. (Symbol: AVTR)

OptionWatch:

Posted October 22, 2024 at 10:00 am

Jeff Praissman
Interactive Brokers

This morning 26,600 Avantor, Inc. (Symbol: AVTR) November 15 ’24 20 puts traded for $0.17. The NBBO at the time was $0.15 / $0.30 so the trader most likely sold the downside puts. This was an opening trade since the open interest on the AVTR 20 puts was 5,000 contracts this morning. The puts are a 11.5 delta, so the overall trade is the equivalent of getting long 305,900 shares if they sold the puts. The investor may feel that $20 is a good entry point to buy AVTR if it drops to that price from its current price of $23.93. If AVTR stays above $20 prior to expiration, then the trader will receive the $442,000 premium from selling the options. AVTR has a52-week high of $28.00 and a 52-week low of $16.64.

Source: IBKR TWS. Past performance is not indicative of future results

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