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

The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither Interactive Brokers LLC nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither IB nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance is not necessarily indicative of future results.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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