Credit Suisse Group (CS) $25.93 +2.29%
8,620 calls and 820 puts traded in Credit Suisse today, a ratio of more than ten-to-one. The top trade is a 1260-lot of Jun 29 calls traded at the 95-cent asking price. Another noteworthy trade in CS is a multi-exchange sweep of 3500 Apr 27 calls at the $1.10 asking price. Shares are up 56 cents to $25.91 and players in the options market appear to be positioning for additional upside after the 7.3 percent two-day slide in the stock to start the week. Prior to that, shares of the Swiss banking giant had been rebounding and were up 16.5 percent year-to-date. Earnings were last reported on 2/9.
Category: All Stocks, Banks, Large Cap Stocks
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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.
