Calls Sold on ProLogis (PLD)

Shares of ProLogis

are lower on the session by 1.28%, currently trading at $10.76. The stock has been drifting lower over the past six months and it’s making lower lows and lower highs, which is a bearish sign. Options traders are selling calls on the name today; the January $15 strike was sold near the bid 1,235 times on open interest of 7,052 contracts. This suggests that a long call position has been closed out for lack of bullishness. Call volume is running at 2.11x the daily average. ProLogis is a real estate investment trust (REIT). The Company is a global provider of industrial distribution facilities. It is an international real estate company with operations in North America, Europe and Asia.