Charles Schwab Corp (SCHW) $12.81 +5.69%
Possible bullish three-way in Schwab today, as it looks like 9000 Jan 10 puts were sold on the discount broker at 65 cents to buy a Jan 12.5 – Jan14 20 call spread for $1.35, 9000X, to open. The spread seems to be targeting a move higher through Jan 2013, but not beyond $20 by Jan 2014.
Category: All Stocks, Financial Services, Large Cap Stocks
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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.
