Seeing an uptick in activity in Merrill Lych (MER, news, chart, volatility) in recent trade. After hitting a low of $24.42 early, shares are up 30 cents during the past 15 minutes and back to unchanged ($25.30). Recent trades have included a sereis of orders for January 25 and November 30 calls traded on the offer. A handful of other large cap financials, including Bank of America (BAC), JP Morgan (JPM), and Citi (C), are seeing relative strength as well.
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.