Exco Resources (XCO) loses 35 cents to $5.71 and 10,281 May 6 calls traded on the stock in early action Monday. The top trade is a 4900-lot on the 30-cent bid and today’s action might close positions opened Thursday when 15,340 May 6 calls traded on XCO at a VWAP of 47.3 cent (see 4/19 color).
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.