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Hawk’s Nest

Storage REIT Sees Opening Put Sale into Weakness

by | Sep 13, 2022

Extra Space Storage (EXR) opening put sales for 849 October $190 puts down to $4.50 today as the stock pulled back to the 55 EMA and from recent highs at 215. The opening put sale shows confidence in the 190 level being supportive of price into October and willing to be long at a cost basis near 185. The 200 EMA and YTD VWAP sit just below that 190 key level so a level to lean against if bullish.