IMAX loses 22 cents to $25.70 and a Mar 26 – Apr 29 call spread trades on the stock for a nickel, 5000X, which would be an interesting opening play, but probably rolls a position out one month and up three strikes. Looks like March 26 calls were opened on 2/17 for 89 cents and being liquidated today at 60 cents. The stock is up 7.1 percent since that time, but time decay and falling vols have hurt the position.
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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.