Another big print in Marothon Oil (MRO). This time, its the April 43 – 50 call spread sold at $4.95, 10000X. The action is similar to the spread highlighted at 9:58 (see MRO color). The April 50s have now traded 30000X.
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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.