Mako Surgical (MAKO) adds 71 cents to $22.34 and an Aug 20 – Jul 25 bearish risk-reversal trades on the Fort Lauderdale, FL medical equipment company for $1, 1300X on ISE. A customer sold calls to buy puts and open a new position, according to ISEE. The bearish combo comes two weeks after the stock plummeted 36.5 percent after the company reported a 28-cent per share quarterly loss. JP Morgan lowered their price target on the stock today to $28 from $33.
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.