Houghton and Atkeson

   

Options are active in Mobile Mini (MINI) today, with investors buying 1,000 MINI Aug 17.50 Puts (UACTW). With the stock trading at about $17.50, these at-the-money option investors are putting up real money on the belief MINI will move meaningfully lower.

What piques our interest in this trade is that option investors were actively buying puts back on May 16 when the stock was at $24 per share. It appears that option investors know this stock well and are returning to the well for more profits.