The Limited (LTD) is up 37 cents to $11.03 and options volume is running 7X the average daily levels Wednesday. 18,000 puts and 720 calls traded so far. Most of the volume surfaced around noon when an investor bought 15,000 August 10 puts for $1.25. Another 2000 traded for $1.25 on the ISE. The activity reflects a bearish view on the retailer as it appears that the 17K Aug 10 puts are being bought-to-open. No news on LTD today. Earnings expected around May 20.
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.