Puts Sold on AMB Property Co (AMB)

Shares of AMB Property Company

are lower on the session by 0.88%, currently at $25.97. The stock has struggled around the $29.25 level for a few months now and has sold off from there; the stock has now broken through the 50-day moving average and has the 200-day in its sights. Opens traders are betting the stock holds current levels (and the 200-day) though, with the May $30 put sold on the bid 3,500 times for $3.20. Open interest on the strike was 3,833 contracts, which suggests that this position was closed out. AMB Property Corporation is a self-administered and self-managed real estate investment trust. The Company is a global owner, operator and developer of industrial real estate, focused on hub and gateway distribution markets in the Americas, Europe and Asia.