Huge Put Buying in Annaly

Shares of Annaly Capital Management Inc. NLY are mostly flat on the session at $16.00, but the options market thinks that the stock will fall over the next few months. The June $14 put is seeing huge volume with over 21,000 contracts traded, most have been purchases on the offer, which signalS new, bearish positioning. Put activity can be seen in smaller size on the June $15 put strike, as well as the July $14 put strike; both have traded over 1,000 times. Annaly Capital Management is trading below both the 50-day and 200-day moving average, which is significantly bearish.