DELL is getting hammered for a $2.03 loss and is trading for $13.05 per share today on the heels of its earnings report and it looks like one player is liquidating a position in Jun 14 – 15 put spreads opened for 27 cents, 10000X a week ago (see 5/16 color). The spread recently traded at an average of 87 cents, 9000X.
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.