Volume in eBay’s options is heaviest at the Nov. $29 strike, where it appears one trader purchased around 6,000 puts for an average premium of $0.45 each, against open interest of 1,933 contracts. The put player profits at expiration next month if shares in eBay drop 7.3% to breach the average breakeven point on the downside at $28.55. The stock last traded below $28.55 on October 4.
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