Schaeffer's Option Skews: Relatively Heavy Put Activity on Morgan Stanley, Goldman Sachs Group Inc, and Best Buy Co Inc

Morgan Stanley (NYSE: MS), Goldman Sachs Group Inc (NYSE: GS), and Best Buy Co Inc (NYSE: BBY) were among the companies seeing put buying on Thursday.

The action in Morgan Stanley and Goldman Sachs is intriguing for two reasons. First we have seemingly upbeat news that Elizabeth Harrow discussed on Wednesday. Second we have the strong 3-month return data shown in the table. While both companies still certainly face challenges ahead, and both stocks remain well below their all-time highs, there has at least been some signs of life. That is in stark contrast to what was noted earlier on Bank of America and Citigroup.

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