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Schaeffer's Daily Option Blog: Long-Term Put Players Bet on a Pullback for Ctrip.com International Ltd.

Wed. October 14, 2009; Posted: 12:44 PM
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CINCINNATI, Oct 14, 2009 (BUSINESS WIRE) -- CTRP | Quote | Chart | News | PowerRating -- China-based travel titan Ctrip.com International, Ltd. (NASDAQ: CTRP | Quote | Chart | News | PowerRating) was popular among put players on Tuesday, as investors place their bets ahead of the firm's annual shareholders meeting tomorrow. During the course of the session, the security saw roughly 2,200 puts cross the tape -- more than tripling its average daily volume of fewer than 700 puts, and nearly six times the number of CTRP calls traded.

The stock's deep-out-of-the-money October 50 put garnered the most attention, with almost 1,000 contracts changing hands. Put open interest at the 50 strike declined by about 300 contracts overnight, suggesting that a healthy amount of yesterday's volume consisted of liquidations ahead of expiration.

To continue reading this article, click here: http://www.schaeffersresearch.com/marketcenters/optionscenter/default.aspx?id=95729&source=businesswire

SOURCE: Schaeffer's Investment Research

Schaeffer's Investment Research 
Andrea Kramer, 513-589-3800 
akramer@sir-inc.com
For full details on Ctrip.com International (CTRP) click here. Ctrip.com International (CTRP) has Short Term PowerRatings of 4. Details on Ctrip.com International (CTRP) Short Term PowerRatings is available at This Link.

    


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