Collective Brands (PSS) adds 2 cents to $14.42 and a Mar 11 – 14 bullish risk-reversal trades on the stock at $1.20, 10700X. It’s is tied to 780K shares at $14.45 and likely closes out a position opened on 12/2 when the same combo was bought for 95 cents, 10700X. Shares are up 5.3 percent since that time.
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.