MGM adds 21 cents to $13.98 and a Mar – Apr 15 put spread is sold on the stock at 28 cents, 6600X. Looks like a roll and closing a position opened one month ago when a Feb – Mar 15 put spread was sold on the casino operator at 19 cents, 6500X. The stock is up 5.6 percent since that time and the Mar 15s, which were sold at $2.02 per contract on 2/1 to open, are being bought to close for $1.44. A new position in Apr 15s is being opened at $1.16,
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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.