Bearish James Hardie Bet Traded Before Deal News Sank Stock

Bloomberg

03-24

(Bloomberg) -- A block of bearish James Hardie Industries Plc options changed hands just before the Australian building-products producer said it would buy Chicago-based AZEK Co., sending its stock sinking.

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A block of 3,000 James Hardie A$43 puts expiring in May traded late Friday for A$14 million in notional value, data compiled by Bloomberg show. The position was new, with an exercise price 8.1% below that day’s closing stock level. On Monday, James Hardie’s shares slumped as much as 14% to as low as A$40.04 after the deal’s announcement.

For the company, which already generates three-fourths of its revenue from North America, the agreement represents an even larger bet on the US housing market amid economic uncertainty fueled by President Donald Trump’s policies. Its chief executive officer defended the deal, saying he was focused on longer-term opportunities.

Also read: James Hardie CEO Defends $8.75 Billion AZEK Deal as Stock Slumps

James Hardie’s shares had been under pressure. The stock posted its biggest two-day plunge in 10 months last week and closed at its lowest price since July on Thursday — just before the bearish bet was made. That day, put volume reached the highest level of the year.

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Now the Mall Is Dying.</li>\n<li>Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency Says</li>\n<li>LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs</li>\n<li>New York Subway Ditches MetroCard After 32 Years for Tap-And-Go</li>\n<li>Despite Cost-Cutting Moves, Trump Plans to Remake DC in His Style</li>\n</ul>\n<p>A block of 3,000 James Hardie A$43 puts expiring in May traded late Friday for A$14 million in notional value, data compiled by Bloomberg show. The position was new, with an exercise price 8.1% below that day’s closing stock level. On Monday, James Hardie’s shares slumped as much as 14% to as low as A$40.04 after the deal’s announcement. </p>\n<p>For the company, which already generates three-fourths of its revenue from North America, the agreement represents an even larger bet on the US housing market amid economic uncertainty fueled by President Donald Trump’s policies. Its chief executive officer defended the deal, saying he was focused on longer-term opportunities.</p>\n<p>Also read: James Hardie CEO Defends $8.75 Billion AZEK Deal as Stock Slumps</p>\n<p>James Hardie’s shares had been under pressure. The stock posted its biggest two-day plunge in 10 months last week and closed at its lowest price since July on Thursday — just before the bearish bet was made. That day, put volume reached the highest level of the year. </p>\n<p>Most Read from Bloomberg Businessweek</p>\n<ul>\n<li>A New ‘China Shock’ Is Destroying Jobs Around the World</li>\n<li>How TD Became America’s Most Convenient Bank for Money Launderers</li>\n<li>Tesla’s Gamble on MAGA Customers Won’t Work</li>\n<li>One Man’s Crypto Windfall Is Funding a $1 Billion Space Station Dream</li>\n<li>The Real Reason Trump Is Pushing ‘Buy American’</li>\n</ul>\n<p>©2025 Bloomberg L.P.</p></body></html>","source":"yahoofinance_au","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bearish James Hardie Bet Traded Before Deal News Sank Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBearish James Hardie Bet Traded Before Deal News Sank Stock\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2025-03-24 11:01</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><p>(Bloomberg) -- A block of bearish James Hardie Industries Plc options changed hands just before the Australian building-products producer said it would buy Chicago-based AZEK Co., sending its stock sinking. </p>\n<p>Most Read from Bloomberg</p>\n<ul>\n<li>They Built a Secret Apartment in a Mall. Now the Mall Is Dying.</li>\n<li>Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency Says</li>\n<li>LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs</li>\n<li>New York Subway Ditches MetroCard After 32 Years for Tap-And-Go</li>\n<li>Despite Cost-Cutting Moves, Trump Plans to Remake DC in His Style</li>\n</ul>\n<p>A block of 3,000 James Hardie A$43 puts expiring in May traded late Friday for A$14 million in notional value, data compiled by Bloomberg show. The position was new, with an exercise price 8.1% below that day’s closing stock level. On Monday, James Hardie’s shares slumped as much as 14% to as low as A$40.04 after the deal’s announcement. </p>\n<p>For the company, which already generates three-fourths of its revenue from North America, the agreement represents an even larger bet on the US housing market amid economic uncertainty fueled by President Donald Trump’s policies. Its chief executive officer defended the deal, saying he was focused on longer-term opportunities.</p>\n<p>Also read: James Hardie CEO Defends $8.75 Billion AZEK Deal as Stock Slumps</p>\n<p>James Hardie’s shares had been under pressure. The stock posted its biggest two-day plunge in 10 months last week and closed at its lowest price since July on Thursday — just before the bearish bet was made. That day, put volume reached the highest level of the year. </p>\n<p>Most Read from Bloomberg Businessweek</p>\n<ul>\n<li>A New ‘China Shock’ Is Destroying Jobs Around the World</li>\n<li>How TD Became America’s Most Convenient Bank for Money Launderers</li>\n<li>Tesla’s Gamble on MAGA Customers Won’t Work</li>\n<li>One Man’s Crypto Windfall Is Funding a $1 Billion Space Station Dream</li>\n<li>The Real Reason Trump Is Pushing ‘Buy American’</li>\n</ul>\n<p>©2025 Bloomberg L.P.</p></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.yahoo.com/news/bearish-james-hardie-bet-traded-030129018.html\">Bloomberg</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JHX.AU","symbol_name":"JAMES HARDIE INDUSTRIES-CDI","start_time":0,"source_url":"https://finance.yahoo.com/news/bearish-james-hardie-bet-traded-030129018.html","article_id":"2521558677","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521558677","pubTimestamp":1742785289,"columns":[],"sourceInfo":{"source_id":"yahoofinance_au","name":"Yahoo Finance AU"},"weMediaInfo":null,"summary":" -- A block of bearish James Hardie Industries Plc options changed hands just before the Australian building-products producer said it would buy Chicago-based AZEK Co., sending its stock sinking.They Built a Secret Apartment in a Mall. Now the Mall Is Dying.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency Says. LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs. New York Subway Ditches MetroCard After 32 Years for Tap-And-Go. Despite Cost-Cutting Moves, Trump Plans to Remake DC in His Style. A block of 3,000 James Hardie A$43 puts expiring in May traded late Friday for A$14 million in notional value, data compiled by Bloomberg show. The position was new, with an exercise price 8.1% below that day’s closing stock level. On Monday, James Hardie’s shares slumped as much as 14% to as low as A$40.04 after the deal’s announcement.Also read: James Hardie CEO Defends $8.75 Billion AZEK Deal as Stock Slumps","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"JHX.AU":"JAMES HARDIE INDUSTRIES-CDI","BK7044":"建筑材料"},"translate_title":"詹姆斯·哈迪(James Hardie)在交易消息导致股价下跌之前进行了看跌押注","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JHX.AU":1},"content_text":"(Bloomberg) -- A block of bearish James Hardie Industries Plc options changed hands just before the Australian building-products producer said it would buy Chicago-based AZEK Co., sending its stock sinking. \nMost Read from Bloomberg\n\nThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.\nChicago Transit Faces ‘Doomsday Scenario,’ Regional Agency Says\nLA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs\nNew York Subway Ditches MetroCard After 32 Years for Tap-And-Go\nDespite Cost-Cutting Moves, Trump Plans to Remake DC in His Style\n\nA block of 3,000 James Hardie A$43 puts expiring in May traded late Friday for A$14 million in notional value, data compiled by Bloomberg show. The position was new, with an exercise price 8.1% below that day’s closing stock level. On Monday, James Hardie’s shares slumped as much as 14% to as low as A$40.04 after the deal’s announcement. \nFor the company, which already generates three-fourths of its revenue from North America, the agreement represents an even larger bet on the US housing market amid economic uncertainty fueled by President Donald Trump’s policies. Its chief executive officer defended the deal, saying he was focused on longer-term opportunities.\nAlso read: James Hardie CEO Defends $8.75 Billion AZEK Deal as Stock Slumps\nJames Hardie’s shares had been under pressure. The stock posted its biggest two-day plunge in 10 months last week and closed at its lowest price since July on Thursday — just before the bearish bet was made. That day, put volume reached the highest level of the year. \nMost Read from Bloomberg Businessweek\n\nA New ‘China Shock’ Is Destroying Jobs Around the World\nHow TD Became America’s Most Convenient Bank for Money Launderers\nTesla’s Gamble on MAGA Customers Won’t Work\nOne Man’s Crypto Windfall Is Funding a $1 Billion Space Station Dream\nThe Real Reason Trump Is Pushing ‘Buy American’\n\n©2025 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}