Investing in financial products involves risk to your capital.

Close Navigation
Learn more about IBKR accounts
1,600 Puts Trade in Charles River Laboratories International, Inc. (Symbol: CRL)

OptionWatch:

1,600 Puts Trade in Charles River Laboratories International, Inc. (Symbol: CRL)

Posted April 2, 2024
Jeff Praissman
Interactive Brokers

This morning 1,600 Charles River Laboratories International, Inc. (Symbol: CRL) May 17 ’24 230 puts traded at $2.38. The puts are a 16 delta, so they are the equivalent of 25,600 shares of stock. At the time of the trade CRL was trading at $261.67. This is an opening trade with open interest in the CRL 230 puts this morning less that 10 contracts.

Earnings are expected to be released between May 9th and May 13th, so this trade is most likely an earnings play. The past 8 earnings cycles CRL has slightly outperformed analyst forecasts. The trader may be speculating that CRL will drop in price, or they may be protecting a long stock position.

CRL is currently trading at $259.98. CRL has a 52-week high of $274.69 and a 52-week low of $161.65.

CRL is currently trading at $259.98. CRL has a 52-week high of $274.69 and a 52-week low of $161.65.

Source: IBKR TWS. Past performance is not indicative of future results

Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.

Disclosure: Options Trading

Options involve risk and are not suitable for all investors. For information on the uses and risks of options read the "Characteristics and Risks of Standardized Options" also known as the options disclosure document (ODD). Multiple leg strategies, including spreads, will incur multiple transaction costs.

Disclosure: Order Types / TWS

The order types available through Interactive Brokers Trader Workstation are designed to help you limit your loss and/or lock in a profit. Market conditions and other factors may affect execution. In general, orders guarantee a fill or guarantee a price, but not both. In extreme market conditions, an order may either be executed at a different price than anticipated or may not be filled in the marketplace.

This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.