Blackstone Group (BX) loses 54 cents to $15.36 and 14,000 Jan13 $20 calls are sold at $1 per contract. It might close some of the positions opened less than two weeks ago when the same contract was being bought at $1.30 per contract (see 7/6 and 7/7 color). Shares are down 11 percent since that time. Earnings slated for the morning of 7/21.
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.