Marsh and McLennan (MMC) is up 4 cents to $21.73 and 3432 Jan $20 puts traded (74 percent hitting ask-side at 20 cents per contract). Possibly closing trades, but noteworthy because the NY insurance broker saw bearish flow one week ago, when a trader lifted 10,000 Jan 20 puts for 25 cents while selling 5000 Jan 22.5 calls for 45 cents, as shares traded near at $21.95.
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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.