Fossil (FOSL) is off $3.37 to $125.82 and May 105 – 120 (2X1) put ratio spread was apparently bought to open on the stock this morning for $2, 1125X, ahead of earnings — due out tomorrow morning. Shares rallied 14.7 percent on 2/14 after profits were last reported.
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.