LyondellBasell (LYB) is flat at $44.70 and recent trades on the chemical maker include a Feb 42 – 45 put spread, apparently bought for $1.20, 2300X to open. Bearish position in LYB might be to hedge earnings, due out on Feb 10.
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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.