OCZ Technology Group (OCZ) adds 28 cents to $5.95 and one strategist sold a Dec – Mar 10 put spread on the San Jose, CA data storage device maker at 25 cents, 2188X. Looks like a roll and buying-to-close Mar 10 puts, which are 68 percent ITM after a 43.9 percent decline in the underlying since July 14, when the stock was trading at a 52-week high of $10.6 per share.
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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.