Nippon Telegraph and Telephone (NTT) adds 3 cents to $22.89 and one strategist initiates a buy-write — selling 3167 Jun 22.5 calls at $1.30 against 317K shares at $22.92. The call write looks opening and likey to create the second largest open interest position in the name, beyind the Dec 22.5 call option. Shares of the Tokyo telecom service company have been grinding higher since mid-June and were helped higher by upbeat earnings news on 11/9.
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.