King Pharmaceuticals (KG) is up 28 cents to $8.75 and options order flow is bulish, amid increasing interest in $10 calls. June 10s are the most actives, with 5543 traded (68 percent Ask). Another 1171 July 10s changed hands (51 percent Ask). Looks like opening trades in both and implied volatility is moving. No headlines yet. Hints at speculative call activity that might be associated with some type of chatter.
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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.