Puts Sold on MF Global (MF)

Shares of MF Global MF are higher on the session by 1.43%, currently trading $7.42. The stock has been selling off as of late, but looks like it has found support on the 200-day moving average. Puts are being sold out of today, as long put holders believe the slide has abated. The June $7.50 put was sold nearly 1,500 times; open interest is 7,118 contracts, further suggesting that today’s action is a closing transaction. MF Global Holdings Ltd., formerly MF Global Ltd., is a brokerage firm offering customized solutions in the global cash and derivatives markets. It provides execution and clearing services for products in the exchange-traded and over-the-counter (OTC) derivative markets, as well as for products in the cash market.