[Markets] Deutsche Bank Slips Below 10 Euros as Options Traders Bet on 82016-10-05 10:51:09Hit:298
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Written in September 30, 2016
Link >> http://www.bloomberg.com/news/articles/2016-09-30/deutsche-bank-slips-below-10-euros-as-options-traders-bet-on-8
Summary
For the first time ever, Deutsche Bank AG’s share price dipped below 10 euros. Traders are preparing for it to fall even lower.
The most-owned bearish option on the German lender is a put with an exercise price of 8 euros. While investors started piling into the position in June, the fact that it’s so popular shows they’re seeking to hedge for further declines. The stock sank as much as 9 percent to 9.90 euros intraday, before paring its slide.
Link >> http://www.bloomberg.com/news/articles/2016-09-30/deutsche-bank-slips-below-10-euros-as-options-traders-bet-on-8
Summary
For the first time ever, Deutsche Bank AG’s share price dipped below 10 euros. Traders are preparing for it to fall even lower.
The most-owned bearish option on the German lender is a put with an exercise price of 8 euros. While investors started piling into the position in June, the fact that it’s so popular shows they’re seeking to hedge for further declines. The stock sank as much as 9 percent to 9.90 euros intraday, before paring its slide.