The Intercontinental Exchange (ICE) is ripping higher after reporting quarterly earnings of $1.09 per share, which exceeded analyst estimates by 14 cents. Shares are up $13.30 to $103.74 and options volume is running 2X the average daily levels. 16K contracts traded and call volume accounting for 74 percent of the activity. May 100 and 105 calls are the most actives, with some players opening new positions in anticipation of additional short-term gains.
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.