Expeditors International (EXPD) adds 31 cents to $44.17 and options volume on the Seattle, WA airfreight and transport company is running 4X the daily average, being driven by a Jan 40 – 47.5 bullish risk-reversal at 10 cents, 1470X on ISE. 2000 traded on the day and data confirm that a customer sold puts to buy calls and open a new position in EXPD. Bullish play on the stock comes after a one-month 7.6 percent advance in the stock and ahead of earnings, due out mid-to-late Feb.
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.