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Herbalife Ltd. (HLF) April Puts

Apr 11 2008

    Today we saw quite a bit of Put volume for Herbalife Ltd. in both the month of April and the month of May. Strike prices of 40 and 45 were the active Put prices with 2066 April 40 Puts being traded and 3230 April 45 Puts trading hands.

    The stock itself declined 5.47% on news of a fraud claim by a San Diego investigator. Barry Minkow who once served a sentence for fraud himself released a list of ten reasons to be suspicious of Herbalife. Some investors must think there is some substance to this story due to the Put activity. But Minkow has made allegations before and is currently short the stock which hit a 52 week high just seven days ago. Analyst still like the stock and the stock price is not bad for a company with 18% quarterly revenue growth and 30% quarterly earnings growth.

    Wait for the dust to settle and this could be a good buying opportunity.

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