Staples Inc (SPLS) $15.22 -1.05%
Staples (SPLS) loses 17 cents to $15.21 and a 9581-contract block of Jan 15 calls trades on the office supplies retailer at $1.65 on ISE. Data from the exchange is reporting an opening seller. 10,404 now traded against 69,694 in open interest, which is by far the largest open position in the name. SPLS was up 5 percent on the heels of Office Depot’s profit report Tuesday, but then sank 8.4 percent Wednesday after releasing its earnings. Jan 15 call writers might see limited upside for the stock through the rest of 2012 and/or are possibly overwriting the Jan 15s against stock.
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.
