Shares of TD Ameritrade Corp. AMTD are off 2.41%, currently trading $18.26. The stock has now breeched below both the 50-day and 200-day moving averages, which is a bearish signal. The next support level to the downside is at $16.50.
Options action in AMTD is suggesting that the stock will not move significantly lower, however. The November $17.50 put was sold 1,000 times for $1.50 today; open interest on that strike is 1,822 contracts. This suggests that a long put position was closed for lack of bearishness
TD Ameritrade Holding Corporation is a provider of securities brokerage services, and technology-based financial services to retail investors and business partners.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in