Marriott Vacations Worldwide (VAC) touched a 52-week high today, but is now down 25 cents to $23.64. Early options trades onthe stock include 1700 Jul 10 puts, bought for 90 cents per contract on CBOE. 2,018 now traded, against zero in open interest, and appears to be bearish flow on VAC. The company was spun off from Marriott International and began trading as a stand alone company on Nov 22.
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.