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5,400 Puts Trade in Ovintiv Inc. (Symbol OVV)

5,400 Puts Trade in Ovintiv Inc. (Symbol OVV)

Posted November 22, 2023 at 11:15 am

Jeff Praissman
Interactive Brokers

This morning 5,400 Ovintiv Inc. (Symbol OVV) January 19 ’24 39 puts traded at $0.82, mid-market between the $0.75 bid and $0.90 offer.  The puts are a 20 delta, so the trade is the equivalent of 108,000 shares of stock. At the time of the trade OVV was trading at $43.26.

The open interest at the time was less than 200 contracts so the trader is taking an opening position. They may be protecting a long position from a downside move or speculating that OVV will decline over the next two months.

OVV is currently trading at $43.53. OVV has a 52-week high of $56.04 and a 52-week low of $31.81.

OVV is currently trading at $43.53. OVV has a 52-week high of $56.04 and a 52-week low of $31.81.

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4 thoughts on “5,400 Puts Trade in Ovintiv Inc. (Symbol OVV)”

  • Roger B Fox

    It’s not earnings-related since thy don’t report until February 6th

  • Jim

    Why does the headline say 5400 Calls and the body of the comment say 5400 Puts. From the rest of the piece, it was apparently puts that were traded.

    • Interactive Brokers

      Hello Jim, thank you for pointing this out to us. This should now be reflected in the article. We appreciate your feedback.

  • Anonymous

    How do you know it wasnt shorting puts ? On some flow scanner , it came at a BID !

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