MS Retail Store Index (MVR) is off 4.43 to 149.06 and options volume is running 8X the usual, on increasing interest in Oct 137.5 puts. One player bought 1,450 contracts for $5 even. 1,530 now traded, compared to zero existing interest. Implied vols approaching 37, from about 35.5 Friday. The defensive trading comes ahead of retail sales numbers Thursday as well as earnings from Walmart (WMT) and a handful of other retailers later in the week.
Category: All Indexes
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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.