MBIA (MBI) shares add a dime to $10.15 and options volume is 2.5X the average daily, driven by a buyer of 20,000 Jan 12.5 calls at 53 cents per contract. It was tied to 600K shares at $10.03 and appears to be a new position in the Armonk, NY surety and title insurance company. No news on the stock. Next earnings expected early-November.
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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.