Steve Smith notes: Crown Holding, the package and container company, sees a notable trade as the Feb. $32 straddle trades 4,250x in what looks like opening sale for a $2.55 net credit. Shares have gained some 40% since their June low and hit a 52-week high of $33.80 last week and are off 40c to $33.10 today. The company is set to report earnings late-Jan, early-Feb.
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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.