Lender Processing Services (LPS) has added 27 cents to $14.27 and attempting to stabilize after the 17.5 percent loss suffered Friday after the Nevada AG filed a lawsuit against the company for customer fraud. Early options trades on the stock include a 6000-contract block of Jun 21 calls bought for 75 cents per contract. Looks opening. 6,486 now traded against 10 contracts in open interest. Implied vols are up another 2 percent to 70.
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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.