Leucadia National Corp (LUK) $20.26 +1.45%

| December 19, 2008 | 0 Comments More

Leucadia (LUK, news, chart, volatility), a diversified investment holding company, is up 29 cents to $20.26 and options activity is running twice the normal. Most of the activity is due to a January 20/17.5 put spread, bought 3000X for 95 cents. The bearish flow comes despite an upbeat column that highlighted the company in a Dec. 8 issue of Barron’s (Leucadia’s Unlimited Potential, Andrew Bary). Shares are up 9.2 percent since that time.

Category: All Stocks, Fixed Line Telecommunications, Mid 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.