Charles Schwab (SCHW) is up 22 cents to $17 and the July/Aug 18 call spread trades 10000X. Looks like buying-to-close July and selling-to-open August, perhaps part of a buy-write strategy as 400K Schwab shares also traded at 10:12. Implied volatility is moving up, to 41.5 from about 40 late Thursday. No news today. Earnings due out July 13, before the July 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.