Valeant Pharma (VRX) is seeing unusual action. The stock is down 77 cents to $12.79 and total volume in the options market is running 7 times normal. Put volume is heavy, as 4,334 contracts have traded, or nearly 4 times the number of call options. Most of the action is buying in the April 12.5, April 15, and May 12.5 puts. Still checking for news.
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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.