Starwood Hotels and Resorts Worldwide Inc (HOT) $49.35 -3.44%

| April 9, 2008 More

Starwood Hotels (HOT) is seeing increasing put volume. The stock is down $1.87 to $49.18 and total volume is four times the normal. 15,000 puts have traded, or more than three times the number of call options. The company was the subject of takeover speculation yesterday. However, today, traders are clearly leaning on the bearish side of the trade, with buying seen in the May puts with strike prices ranging from 55 to 40. Earnings expected in late-April.

Category: All Stocks, Mid Cap Stocks, Travel & Leisure

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About the Author (Author Profile)

Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.

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