Leap Wireless (LEAP) is down 46 cents to $13.40 and the LEAP Jan – April 15 call spread trades 4600X. It looks like 90 cents was paid to possibly roll a bullish position — buy a few more months time.
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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.