Shares of Vodafone Group PLC VOD are selling off by 2.81%, currently trading $18.67. The stock has sold off heavily over the past two weeks and is significantly below the 50-day and 200-day moving average. I see the stock finding support around $18.00 though, which is a horizontal support level.
The July $22.50 puts have traded 3,714 contracts today; open interest on the strike is 13,369 contracts. Put volume is running at 2.15x the daily average with 75% of all puts traded being purchases on the offer.
Vodafone Group Plc is engaged in providing service, such as voice, messaging, data and fixed line and others.
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