US Airways (LCC) is down 16 cents to $2.43 and the Apr/Mar 2.5 call spread trades 5100X. It looks like it was bought for 37 cents, perhaps part of a time spread or a roll from March to April ahead of next week’s expiration.
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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.