Family Dollar (FDO) puts are active and implied volatility is higher ahead of earnings, tomorrow before the bell. Shares are down 2 cents to $28.02 and most of the action is in July 25 puts, with 4,260 traded and 87 percent hitting ask-side. Implied volatility is moving up to 46, up from 43.5 the day before. Some might be closing, as existing interest is 7.471.
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.