US Airways Group Inc (LCC) $2.45 +6.47%
US Airways (LCC) options volume rose to 3X the usual Tuesday after a substantial put spread traded in the front month. In morning trading, the Mar 2.5/5 put spread traded 4800X for $2.05 on the AMEX: a customer sale that created new interest in both contracts. Shares closed down 17 cents to $2.3 and the strategist appears to have made a substantial bet that LCC might recover recent losses before the March options expiration (16 days).
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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.
