Fossil (FOSL) adds $2.74 to $80.82 after Key Bank initiated the stock with a Buy and $105 price target. Meanwhile, noteworthy options trades on the Richardson, TX consumer goods company include a seller of 4,200 Jan 75 puts, down to $1.45 per contract. The put write looks opening and to reflect expectations that FOSL will hold above $75 (~7.2%) over the next 15 days. 6,750 now traded. Mar 90 calls on the stock are seeing opening activity as well, with 1,600 traded.
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.