Staples Inc (SPLS) $14.16 -0.28%
Staples (SPLS) loses 6 cents to $14.14 and Jan13 $15 calls on the office supplies retailer are busy today. The flow includes a 7000-contract block for $1.72 per contract when the market was $1.60 to $1.75. Several smaller lots totalling 1500 traded on ISE, where data indicate a customer bought to open a new position.9,356 traded and will likely add to the existing open interest, which is 53,012 and the largest position in the name. Shares are down 37.8 percent year-to-date and today’s call buyers might be anticipation a retracement of some of those losses through 2012.
Category: All Stocks, Mid Cap Stocks, Retail
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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.
