GE adds 50 cents to $19.75 and one investor pays 18 cents per contract for Sep 12 puts, 43500X. More than 53,000 now traded and the action probably adds to positions opened Friday, when 50000 were bought at 18 cents (see 3/18 color). Today’s open interest data indicate new positions initiated Friday.
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.