Seeing bullish order flow in EMC Corp. (EMC, news, chart) Monday morning. The stock is up 2 cents to $12.59 and more than 7,400 of theJanuary 12.5 calls have traded offerside. Buying also seen in the August 13 and January 17.5 calls. 9,300 EMC calls have traded in the first ten minutes, compared to 1,244 put options. Directional sentiment based on early order flow in EMC is 88 percent bullish. Nothing on the wires about EMC today. Earnings due out Wednesday before the market.
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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.