Newell Rubbermaid (NWL) loses a dime to $19.83 and one investor buys 3,000 Mar 20 calls at 45 cents each. 6,470 now traded (93 percent Ask) vs. 528 in open interest. Implied volatility is up 4 percent to 24, as some investors appear to be looking for additional upside in NWL in the weeks ahead. Shares jumped 6.2 percent when earnings were reported on 1/27 and are up an additional 2.3 percent since that time.
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.