Action in HSBC (HBC, news, chart, volatility) continues, with 10,000 March 50/60 call spreads and a block of 225K shares for $46.07. Looks like the spread was bought, as the 50s traded ask-side for $2.90 and the 60s traded bid-side for 35 cents.
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.