Hudson City Bancorp Inc (HCBK) $12.99 -2.26%
Hudson City Bancorp (HCBK) is down 29 cents to $13 and options volume is running 2X the average daily on increasing interest in Sep 12.5 puts. 3400 traded, 94 percent hit ask-side and open interest is 2,557. ISEE data is consistent with opening customer put buyers (90 percent = 1959 contracts), as it appears some investors fear HCBK might slide before the weekend. Implied volatility (average) is up about 2 points to 37.5. No headlines on the bank. Earnings were last reported on July 21.
Category: All Stocks, Banks, Mid Cap Stocks
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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.
