General Dynamics (GD) adds 9 cents to $55.76 and one strategist apparently pays $1.45 for a GD Jan13 65 – 70 call spread, 6000X. It might roll down in strikes and seems to be a bullish play after a 25.2 percent loss in shares of the aerospace/defense company since June.
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.