The Limited (LTD) is up 35 cents to $9.11 and options volume is running at 10X the typical pace after a strategist appears to have opened a substantial position in the Jan 2010/Jan 2011 20 call spread. They paid an average of 42.5 cents on 10000 spreads. Position was tied to LTD shares at $8.96.
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.