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Voxeljet Options Active As Shares Extend Losses

Posted on the 21 November 2013 by Phil's Stock World @philstockworld

The stock is off the lowest levels of the session, down 11% at $34.82 as of 10:55 a.m. EST. Options volume on voxeljet is nearly four times the stock’s average daily volume just 90 minutes into the trading day, with volume approaching 9,200 contracts as of the time of this writing. Some options traders appear to be positioning for the price of the underlying to pullback sharply from here during the next four weeks. Around 530 of the Dec $20 strike puts, the lowest available striking price in the front month, changed hands in the early going against zero open interest. It looks like most of the volume was purchased for an average premium of $0.87 each. Traders long the $20 puts stand ready to profit at expiration next month in the event that VJET shares drop another 45% from the current price of $34.82 to breach an average breakeven point and new record low of $19.13. Of course, shares need not drop all the way to $19.13 in order for the trade to be profitable prior to expiration. 


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