CF Industries Holdings Inc (CF) $62.92 +1.35%
CF Industries (CF) shares sank $3.27 to $62.08 Monday and one strategist apparently saw the weakness as an opportunity for a bullish spread, selling 2250 August 50 puts at $1.15 to buy the August 70 – 80 (1X2) call ratio spread at $1.27, 2250X. Open interest data indicate new positions in all three legs and therefore a bullish trade on the Deerfield, IL chemicals company.
Category: All Stocks, Chemicals, Mid Cap Stocks
Free Newsletter
If you enjoyed this article, sign up to receive more just like it.
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.
