Unusual Options Activity: Paramount Global (PARA)

Unusual Options Activity: Paramount Global (PARA)

Media giant Paramount Global (PARA) has traded flat over the past year, largely trading in a range. Shares are now at the higher end of their range, and one trader is betting on a move lower. That’s based on the September $10 puts. With 169 days until expiration, 10,762 contracts traded compared to a prior open interest of 315, for a 34-fold rise in volume on the trade. The buyer of the puts paid $1.25 to make the bearish bet. Paramount shares r…