Bullish flow detected in Chiquita Brands International (CQB), with 6766 calls trading, or 5x the recent avg daily call volume. Shares are down 49 cents to $13.60 and the top trade is 3000 Aug 20 calls at the 40-cent asking price on PHLX. Another block of 2771 also traded at 40 cents each on PHLX. 7400 now traded vs. 3508 in open interest. The company reported earnings on April 29. Shares are down 14.3 percent since that time.
About the Author (Author Profile)
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.