Hexcel Corporation ($HXL) is in the defense/aerospace sector as they build composite material for the industry. What we noticed was a surge in put option activity today. Take a look at the front-month November chain:
That’s quite an increase for any of the options on this company. With such short time left (18 days) we could be looking at a rather bullish trade with the sell of the naked puts. At $.85 a pop, the total trade was around $64,000.
Hexcel had earnings back on the 21st of October and there has been a bit of news published about them lately that has a bullish tint for the long-term investor. Always fun to look at the option increases for both puts and calls now and again.