Cirrus Logic (CRUS) loses 61 cents to $20.63 and one investor seems concerned about additional losses in the chipmaker, as a Jun 13 – 16 put spread was bought on the stock for 55 cents, 3700X to open. CRUS fell 8.3 precent on 1/27 after earnings were reported and is now back under pressure after a slow two-week grind higher that had erased most of the post-earnings loss.
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.