Put Position Rolled Lower in RadioShack (RSH)

Shares of RadioShack Corp. (NYSE: RSH) are lower on the session by 8.80%, currently trading at $19.57. The stock is shedding its take-over premium this morning on news that the company may not receive a bid from private equity firm TPG.

Options traders are rolling a put position in the name this morning. The August $21 put was sold 10,000 times (in a single block) for $2.15 and the August $19 put was purchased 10,000 times (in a single block) for $1.15. Given the open interest on each line of 13,442 and 1,907 contracts, respectively, this looks to be an options roll.

Put volume is currently running at 8.85x the daily average.

RadioShack Corporation is engaged in the retail sale of consumer electronics goods and services through the RadioShack store chain and non-RadioShack-branded kiosk operations. The company's stores are located in shopping malls and strip centers, as well as individual storefronts.

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