Options Traders Pounce On Overstock.com Inc (OSTK) Calls As Shares Extend Rally

OSI Systems, Inc. (NASDAQ:OSIS) – Put activity on the maker of medical monitoring and anesthesia systems look for shares in OSI Systems, Inc. (NASDAQ:OSIS) to tumble following the company’s third-quarter earnings report ahead of the open next Wednesday. Shares in OSI Systems, Inc. (NASDAQ:OSIS) are roughly flat at present, down just 0.05% to stand at $54.97 as of 12:30 p.m. ET. The stock has dropped more than 15% since the beginning of the year. Options traders positioning for the price of the underlying to extend losses in the near term appear to have purchased around 2,000 puts at the May $50 strike at a premium of $1.00 per contract. Profits are available on the bearish position should shares in OSI Systems, Inc. (NASDAQ:OSIS) decline more than 10% from the current level to trade below the breakeven price of $49.00 at May expiration. Shares last traded below $49.00 in November.

Caitlin Duffy
Equity Options Analyst

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