Bullish flow detected in Skechers (SKX), with 2791 calls trading, or 2x the recent avg daily call volume in the name. Shares are up 4 cents to $14.47 and Oct 15 calls are the most actives. 975 traded (89 percent Ask) vs. 226 in open interest. Jul 15, Aug 15, and Aug 16 calls are seeing interest as well. A blog mentioned SKX as a takeover play today (Briefing).
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.