NetGear (NTGR) notches a new 52-week high, now up $2.91 to $24.67 post-earnings, and one player might be looking to lock in recent gains. They bought the Mar 22.5 – 25 put spread at 95 cents, 4000X on PHLX. This might roll a position up in strikes or possible create new interest in both contracts.
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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.