Limited Brands Inc (LTD) $46.16 -0.80%
The Limited (LTD) loses 39 cents to $45.93 and one strategist sells 12000 April 40 puts on the stock to buy 6,000 April 47 – 50 call spreads. 32.5 cents was paid on the three-way, which looks opening and tied to 288K shares at $45.93. Shares hit a morning low of $45.38 after the retailer reported an 8 percent increase in February same-store sales. However, the stock is now 1.7 percent off those lows and up 14.3 percent year-to-date. LTD notched a new 52-week high of $47.11 Tuesday, just a few trading days after earnings were last reported (2/22).
Category: All Stocks, Large Cap Stocks, Retail
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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.
