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Bears Make A Killing As $FOSL Plunges

Bears make a killing as $FOSL plunges

Downside option positions have reaped enormous profits as Fossil trades at its worst level in 16 years. On July 11, Investitute's proprietary programs found that 11,900 September $9 puts were purchased for $0.60 to $0.75 wth shares at $10.12. This was clearly fresh buying, as open interest in the strike was only 1,048 contracts before the trades occurred. Today those…

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