Whirpool (WHR) adds $2.52 to $47.89 and a 4500-contract block of Feb 50 calls traded on the stock this morning for $1.80 per contract on ISE. Data indicate an investor bought-to-open a new position. 5,460 now traded against 174 in open interest. Shares are down 46 percent year-to-data and notched a new 52-week low of $45.22 intraday yesterday. Today’s call buyers appear to be anticipating a rebound in early-2012. 50 calls on WHR are 4.4 percent out-of-the-money.
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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.