This morning 16,400 Avantor, Inc. (Symbol: AVTR) February 19 ’24 19 puts traded at $0.17. At the time of the trade AVTR was trading at $21.81. The AVTR 19 puts are a 9.5 delta, so the trade is the equivalent of 155,800 shares of stock.
AVTR is expected to release earnings between February 1st – 5th so expiration will fall after the earnings release. This may be an investor who is either protecting the downside of a long position or speculating that AVTR will move to the downside after the release. AVTR has missed earning expectations the past two cycles.
AVTR is currently trading at $22.40. AVTR has a 52-week high of $25.25 and a 52-week low of $16.64.
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Disclosure: Options (with multiple legs)
Options involve risk and are not suitable for all investors. For information on the uses and risks of options, you can obtain a copy of the Options Clearing Corporation risk disclosure document titled Characteristics and Risks of Standardized Options by clicking the link below. Multiple leg strategies, including spreads, will incur multiple transaction costs. “Characteristics and Risks of Standardized Options”
