Shares of Office Depot Inc. ODP are falling once again today, currently off 0.78% to $6.38. The stock has now broken through the 200-day moving average, which is a significant bearishness sign. The stock seems primed to head down to the $5.30 support level.
Options action is favoring the puts in Office Depot Inc. with the June $6 put bought over 8,000 times on the offer. Open interest on that strike is only 5,371 contracts, suggesting new, opening positions.
Office Depot, Inc. is a global supplier of office products and services.
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