Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Why Darden Restaurants Options Suggest Further Downside Ahead

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Darden Restaurants, Inc. (NYSE: DRI) traded 18 times the average daily put volume on Wednesday. Puts outpaced calls by 3-to-1, he added.
byPriya Nigam
September 22, 2022
1 minute read
Total
0
Shares
0
0
0
0
0
0

On CNBC’s “Options Action,” Michael Khouw of Optimize Advisors said that Darden Restaurants, Inc. (NYSE:DRI) traded 18 times the average daily put volume on Wednesday. Puts outpaced calls by 3-to-1, he added.

Check out other stocks making moves in the premarket.

There was a buyer of 1,000 of the October 130/115 1×2 put spreads at an average price of $2.40 per contract, Khouw mentioned. The trader expects shares of Darden Restaurants to decline by 13% by October expiration, he added.

DRI Price Action: Shares of Darden Restaurants were down 3.41% premarket Thursday at $126.80 following the company’s first-quarter report. 

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Over $2.5M Bet On This Healthcare Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying

By Lisa Levin
May 24, 7:39 AM
The Dow Jones closed lower by over 200 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

BVS