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Shares of Prologis
PLD are selling off hard today, currently down 7.57% to $11.36. The real estate investment trust (REIT) has now fallen away from the 50-day and 200-day moving averages, which is a bearish sign. The technicals suggest that the stock could move lower to the $10 level before finding support.
Options action in Prologis is bearish as well, with the June $11 put purchased all day long for between $0.50-0.65; the strike has now traded over 5,500 contracts. Open interest on that strike is only 369 contracts, which indicates new, bearish positioning.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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