Shares of Mexican cement maker Cemex are off 30c to 11.70 and are once again failing to break through resistance at the $12 level. But one strategist appears to have a bullish outlook as the December $13 calls were purchased 10,000 times while selling 5,000 of the Dec. $12 puts. This ratio risk/reversal looks to be done for a 10c credit.

2 users commented on " Cemex SaB De Cv (CX) $11.70 -2.42% "
Follow-up comment rss or Leave a TrackbackTHX Steve, I’ve shorted CX puts before and 20% returns I’m usually happy with.
Must be the HD report.
Anyway, I kinda own CX indirectly via $RUF calls now…..
Those are my 5, someone else traded the 25…not me! (I’m not being too agressive….)
http://whatstrading.com/index.php?s=.ruf
GFA/CX was crushed in the morning, hoping for some recovery…..