Arch Coal (ACI) $7.08 -3.15%
Arch Coal shares are down more than 3% near 7.09 this morning and call buyers are snapping up July 7 calls, with more than 20K trading in 30mins and at an avg price near 91cents. Flow is interestingly contrarian- NYT had a bearish piece about the industry on the front page today, and all the names in the KOL ETF are down 2% or more.
Category: All Stocks, Basic Resources, Small Cap Stocks
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Henry Schwartz is the president of Trade Alert LLC, a provider of real-time options analysis tools to leading Wall Street firms. His systems analyze hundreds of thousands of transactions per second to help professionals identify and interpret market activity in real time, supporting informed trading decisions and intelligent idea generation. He has held institutional trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and made markets on the CBOE and AMEX floors in the US, and EUREX and MONEP overseas. Prior to founding Trade Alert, he led the electronic market-making group at Bank of America coincident with the launch of the International Securities Exchange. He received his bachelor’s degree in Economics from the University of California, San Diego and his MBA from NYU’s Stern School of Business.
