News Corp. (NWSA) lost a penny to $14.48 Friday and noteworthy activity surfaced in NWSA Nov 15 call options. 10,766 traded (81 percent ask) and open interest increased by 9934 to 10847, now the second laregst position in the name. The top trade was 787 at 30 cents each. Looks like one or more investors were accumulating bullish positions in the name ahead of a Nov 3 (after market) earnings release.
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.