Eastman Kodak Co (EK) $5.64 -4.86%
Eastman Kodak (EK) is down 24 cents to $5.69 and has been under pressure since Thursday morning when EK said it expects to raise $700 mln through financing transactions and also lowered 2009 earnings guidance. Options are busy for a 2nd day, with total volume running 5X the average daily. Like Thursday, April 6 calls are leading the order flow. 33.8K traded — 81 percent hitting ask-side. A lot of the activity has been on the ISE, where sentiment data indicate that customers have bought-to-open an impressive 17K EK calls today. IV = 99 (-10).
Category: All Stocks, Personal & Household Goods, Small 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.
