LyondellBassell Industries (LYB), a Rotterdam-based specialty chemicals company, adds 49 cents to $43.23 and the Jun 39 – 41 call spread is sold at $1.675, 10000X. Looks like a roll up in strikes and closing out a position opened on May 17 as part of a Jun 39 – Sep 45 call spread (see 5/17 color). Shares are up 11 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.