Bears shop for drop in J.C. Penney

Shares of J.C. Penney are just off four-year lows, and one long-term trade is anticipating even more downside.A trader bought 10,000 January 2014 10 puts for $1.39 on a wide bid/ask spread, optionMONSTER’s …

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Bears shop for drop in J.C. Penney

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