V F Corp (VFC) $136.82 +2.23%
VF Corp (VFC) is up $2.81 to $136.64 and it looks like a call “Tree” is initiated on the stock, with an investor buying the June 140s and selling the next two strikes for $1.10, 1000X. The stock hit a 52-week high of $155.72 on 5/2 before falling in 11 of 12 trading sessions and giving up 14.1 percent. Today’s spread might be a bet that VFC can make up some of those losses, but not see a signifcant rally north of $145, before the June expiration.
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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.
