Goodyear Tire (GT) is off 62 cents to $13.35 after reporting earnings and revenues that fell short of Street estimates. Early options order flow on the tiremaker is focused on the Feb 14 calls, which are falling 4.9 percent out-of-the-money ahead fo the expiration later this week. Several multi-exchange sweeps have traded at the 15-cent asking price. 5,105 changed hands against 6,054 in open interest — possibly a bet that shares will bounce before the weekend. The earnings call started at 8:30.
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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.