TWI – Titan International, Inc. – Put options purchased on the maker of wheels and tires for off-the-road equipment used in the agriculture, construction, forestry and mining industries this morning look for shares in Titan International to slump to fresh 52-week lows during the next six weeks. Shares today are in positive territory at present, up 0.20% at $16.05 as of 11:55 a.m. ET, though the stock is down more than 20% since this time last year. One trader stepped in to buy 1,000 of the Oct $15 puts during the first 15 minutes of the session, paying a premium of $0.55 for most of the contracts. The put options may be profitable at expiration next month in the event that shares in Titan International decline 10% from the current price to trade below the breakeven point at $14.45. The stock last traded below $14.45 in October of 2011.
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