The 17Apr’14 $47 puts traded more than 2,000 times this morning against previously existing open interest of just 94 contracts. Time and sales data indicates most of the puts were purchased at a premium of $1.45 each. The puts may be profitable at expiration in the holiday-shortened week to come, in the event that DDD shares drop more than 5.0% from the current price of $48.13 to trade below the breakeven point at $45.55. Shares in the 3D printing company last traded below $45.55 in August 2013.
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