Schaeffer's Option Blog: Put Trading Ticks Higher on Office Depot Inc. (ODP)

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Thu Jul 30, 2009 11:59am EDT 

CINCINNATI--(Business Wire)--
Pessimism continues to build toward Office Depot Inc. (NYSE: ODP) as traders
exhibited a preference for puts on Wednesday. Overall, the stock saw more than
63,700 contracts cross the tape, which is nearly 19 times the equity's average
daily trading volume, according to data from WhatsTrading.com. 

Specifically, the August 5 put added approximately 1,000 new positions, lifting
its open interest to 5,064 contracts. This strike is the site of peak put open
interest in the front-month series. Meanwhile, the October 5 put added roughly
800 new positions, putting its open interest at 1,651 contracts. 

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Schaeffer's Investment Research
Jocelynn Drake, 513-589-3800
jdrake@sir-inc.com

Copyright Business Wire 2009
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