Megaspread in Ford (F) puts on Cboe closes long put position for a loss. Shares little changed this afternoon near $10.24 with put volume double normal after a large spread traded on Cboe that appears to close positions opened earlier this month. Customer sold nearly 63k each of the April 8.85 and 9.35 puts for 2c and 4c respectively, with a with a firm taking the other side. Cboe Open/Close data confirms the both sides are closing, while trade history indicates the customer bought the 8.85 puts on 3/13 and 3/14 near 11c and the 9.35 puts on 3/19 for 9c.
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