Quest Diagnostics (DGX) is up $1.26 to $52.31 as the company begins a cash tender off for up to $200 mln of certain outstanding notes and ahead of a conference call at 11:30 eastern time. Early action in the options market is bullish, with total volume running 2X the average daily and buyers of June 55 and 60 calls leading the flow
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.