Merrill Lynch and Company Inc (MER) $22.80 -7.92%
Merrill Lynch (MER, news, chart, volatility) puts are seeing active trading. Shares are down $1.68 to $23.08 and 52,000 MER puts have traded, compared to 18,000 calls. Players are actively buying October 15, September 22.5, January 20, and September 25 puts. The demand for premium is driving up implied volatility more than 8 percent and back into the triple digits. No stock specific news on MER today. The company disclosed yesterday that Gary Carlin was appointed Chief Accounting Officer effective September 8.
Category: All Stocks, Financial Services, Large Cap Stocks
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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.
