Aetna (AET) is up $1 to $27.62 and 5000 Nov 29 calls traded. Looks like speculative call buyers are opening positions, as 62 percent traded ask-side and open interest is 1817. 7500 calls traded total, compared to 285 puts. No headlines to explain the relative strength or the speculative call activity. (Note: the managed care group–UNH, HUM, WLP–is up on strong earnings from WCG.)
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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.