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Trader takes Bearish March Position in USA Compression Partners, LP (Symbol: USAC)

OptionWatch:

Trader takes Bearish March Position in USA Compression Partners, LP (Symbol: USAC)

Posted February 28, 2023 at 11:40 am
Jeff Praissman
Interactive Brokers

This morning a trader paid $0.15 for 1,500 USA Compression Partners, LP (Symbol: USAC) March 17’23 20 puts. The puts are a 20 delta, so the trade is equal to selling 30,000 shares of stock. The open interest at the time of the trade was 600 contracts so this trade represents an opening position. USAC recently reported earnings of -$0.04 per share.

USAC recently reported earnings of -$0.04 per share.

 USAC has a 52-week high of $21.57 and a 52-week low of $14.03.

 USAC has a 52-week high of $21.57 and a 52-week low of $14.03.
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