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Hawk’s Nest

Data Processing Software Name Sees Put Buys into Strength

by | Aug 11, 2022

Paychex (PAYX) sweep buyers of 1000 October $140 puts at $10.10 offers, big rebound lately for the software name. Hitting fresh 3 month highs this morning before fading with the market and looking a bit extended with potential to pullback towards the 21 EMA closer to 126. With the stock at 132.50 these in the money put buyers at the offer show some confidence in a pullback and also will capture earnings which are likely due in late September.