Chiquita Brands (CQB) adds 37 cents to $13.34 and one investor is going bananas for Feb 20 calls, buying-to-open a block of 14,800 Feb 20 calls at 15 cents each. The ambitious strategist is buying calls that are almost 50 percent out-of-the-money and is probably hoping CQB doesn’t slip on earnings when it peels off a profit report next week — on Nov 2 (after market).
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.