Methanex Corp. (MEOH) is seeing 29 times its normal trading volume amid steady buying of July 22.5 put options. In all, 12,340 contracts have traded, with 92 percent hitting the ask. These puts are being bought to open ahead of an April 23rd earnings report. The stock was downgraded from buy to neutral by UBS on April 10. Outside of that, there has been no recent news. Shares are currently down a nickel to $26.76.
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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.