News Corp (NWSA) adds 9 cents to $17.20 and late options trades on the stock include a Jan 15 – 19 bearish risk-rvesal, at 10 cents, 5000X on ISE. 10000 traded and ISEE data indicate a customer bought puts, sold calls. Does not look tied to shars and comes after a 26 percent rally in NWSA since earnings were reported on 8/10.
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.