Puts Sold in TD Ameritrade

Shares of TD Ameritrade Corp. AMTD are off 2.41%, currently trading $18.26. The stock has now breeched below both the 50-day and 200-day moving averages, which is a bearish signal. The next support level to the downside is at $16.50. Options action in AMTD is suggesting that the stock will not move significantly lower, however. The November $17.50 put was sold 1,000 times for $1.50 today; open interest on that strike is 1,822 contracts. This suggests that a long put position was closed for lack of bearishness TD Ameritrade Holding Corporation is a provider of securities brokerage services, and technology-based financial services to retail investors and business partners.