Follow-up on Sara Lee (see SLE 11:39 color) Jan13 15 – 20 bullish risk-reversal, 4650 more trade at 10 cents. Bought calls, sold puts. Meanwhile, Oct – Jan 19 call spread now traded 2290X.
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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.