Unusual Options Activity: ADT (ADT)

Unusual Options Activity: ADT (ADT)

Home security solutions provider ADT (ADT) is up nearly 25% over the past year, nearly four times the return of the S&P 500 over the same period. One trader sees shares taking a breather in the weeks ahead. That’s based on the May $8 puts. With 44 days until expiration, 14,777 contracts traded compared to a prior open interest of 459, for a 32-fold rise in volume on the trade. The buyer of the puts paid $0.40 to make the bearish bet. ADT shares …