Energy Conversion Devices (ENER) appears to have been the center of a short straddle on Friday, as traders focused on the stock's November 15 call and put. Overall, the security saw more than 10,000 puts change hands in the front three months of options, which is nearly five times the equity's average daily trading volume of 2,095 contracts.
Digging into the action, the November 15 put traded 4,100 contracts in three large blocks between 3:07 p.m. and 3:18 p.m. Eastern time at what looks to be a bid price of $2.08. The trader would have collected a premium of $852,800....MORE