Deutsche Bank Slips Below 10 Euros as Options Traders Bet on 8
- Number of options on the shares surges to record high
- Deutsche Bank’s woes spill over to rest of the industry
What Do Deutsche Bank Clients, Investors Fear?
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For the first time ever, Deutsche Bank AG’s share price dipped below 10 euros. Traders are preparing for it to fall even lower.
The most-owned bearish option on the German lender is a put with an exercise price of 8 euros. While investors started piling into the position in June, the fact that it’s so popular shows they’re seeking to hedge for further declines. The stock sank as much as 9 percent to 9.90 euros intraday, before paring its slide.