Sara Lee (SLE) is off 8 cents to $12.31 and bullish flow is detected, with 2412 calls traded, or 2X the recent average daily. The action is concentrated in the Feb 12.5 calls and has been mostly on the ISE, where ISEE data points to opening customer buyers. More than 2000 contracts traded and implied volatility is up about 6 percent to 35.7. The co. is scheduled to report earnings results tomorrow morning.
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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.