Harley Davidson (HOG, news, chart, volatility) is taking a hit after being downgraded to Sell at JP Morgan. With the stock down $1.70 to $14.30, Jan 2011 calls at the 15 line are the most actives, with recent trades hitting bid-side for $4.50. Some might be selling calls against stock, bringing their cost basis for HOG under $10 per share.
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.