Central European Media Enterprises (CETV) adds 34 cents to $21.66 and one strategist sells May 20 puts to buy the October 25 – 30 call spread, paying 75 cents for the three-way, 2500X. The position is tied to 120K shares at $21.55 and looks opening. The Bermudian TV broadcasting company is presenting today at a Knight Credit Opportunities Conference tomorrow. Earnings were last reported on 2/22.
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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.