Put Buying Activity Continues in Herbalife Nutrition (HLF), Targeting Downside in Shares Through August -Susquehanna

Susquehanna options strategist Alison Edwards notes put buying activity in Herbalife Nutrition (NYSE: HLF), as put buying continues in Herbalife with a buyer of nearly 4k Aug 35 puts, following a buyer of 6.5k Aug 45 puts bought on Friday following last week’s earnings pop (vs. closing May 36.5p). With shares up roughly 17% last week, investors appear to be looking to hedge (or seek exposure to) a pullback.

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