Morgan Stanley (MS) adds 68 cents to $14.84 and recent options trades on the investment bank include a Jan 17.5 – Feb 17 call spread, bought for 45 cents, 10000X. It appears to be rolling activity, and possibly closing out Jan upside calls that expire in 31 days to buy Feb calls that expire in 59. The Jan 17.5s have 52,158 in open interest and are the second largest on the stock behind Jan 12.5 puts.
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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.