Active but orderly debut for Twitter options

By way of Doris Frankel CHICAGO (Reuters) – Buying and selling in options of Twitter Inc was dominated by way of put extent with a mixture of selling, hedging and speculative activity in an total orderly debut on the U.S. choices market, a week after the social media firm's stock started trading. A complete of 82,000 places and 41,000 calls modified hands in Twitter on Friday for a put-to-call ratio of two:02:1, in keeping with options analytics firm Change Alert. Choice extent used to be on the low finish of expectations, whereas the underlying shares had a fairly mild day of 8 million shares traded The options market has been "moderately well-behaved" from a cost, extent and implied volatility point of view, said Tim Biggam, chief market strategist at options agency TradingBlock in Chicago. Twitter's turnover did not suit the frenzied % of Facebook Inc, which set a report with its first-day choices launch in May just 2012, when greater than 365,000 contracts modified hands, Trade Alert figures showed.