More three-way fun ahead of the weekend. This time in Chesapeake (CHK), which is up 43 cents to $25.41, and one strategist sold 10,000 Apr 22 puts on the stock at 39 cents to buy 10,000 Apr 27 – 31 call spreads for 60 cents. ISEE data indicate an opening position for a customer account.
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.