Another trade in Weight Watchers (WTW) today looks like a bearish three-way, in which 1680 April 82.5 calls were sold to buy an April 62.5 – 75 put spread for $3.45. The position looks opening and comes about 90 minutes after an Apr 67.5 – 75 put ratio spread was initiated on the stock (see 10:24 color). Shares are now up 84 cents to $77.64.
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.