Procter & Gamble (PG) is up $1.91 to $57.44 after Citi analysts raised the stock to Buy Friday. Options volume is running 2X the normal due to heavy trading in Sep 57.5 calls. 36.6K now traded, with the stock very near to being pinned to that strike and some late day sellers collecting a nickel.
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.