Endo Pharmaceuticals (ENDP) loses two cents to $32.52 and one player buys 4000 Dec 30 puts on the Chadds Ford, PA drugmaker for $1 per contract. 8,343 now traded against 5,160 in open interest. Shares are up 16 percent since September, but down in four of the past five trading sessions. Looks like bearish options order flow and implied volatility in the options on the stock is up 12 percent to 58.
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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.