Accelerated Diagnotics attracts a far downside put spread
Accelerated Diagnotics attracts a far downside put spread. 7.6K Feb 5 puts sold at a penny and 7.6K Mar 12.5 puts bought for 38c. The spread has traded more than 12K and trade history shows the Feb 5 puts, which have 12.5K of open interest and are expiring today, were opened for 10 to 16c on 11/15/16 with the stock near $21.50. Shares are up 17c to $23.47 and the investor is now opening a new position in 46% out of the money Mar 12.5 puts. 5.2K Mar 12.5 puts were opened yesterday as well.