Bad news at State Street?

Anything in the works at State Street?
Friday was a wild options trading session for State Street.
According to Optionmonster.com,turnover for puts soared from a daily average of 1,800 for the last 30 trading days, to 14,000 during the first 90 minutes of trading. January 25 puts had a turnover of 5,500 contract, of which 4,400 in one print at $1.85 and implied volatility spiked from 79% vol to 100% vol even as spot went higher.

It now look like 36 USD might be an important closing level on the charts. The stock closed at 37.24 USD after having printed a low at 33.68 Usd.

Sizeable increase in volume.
Unless a close out, it should definitely have distorted the options portfolios out there and will have a big effect on the market price action should spot drop below 30 USD.

Will try to find out more on this one. Stay tuned.






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