AIG adds 18 cents to $27.39 and a 6190-lot of Jan14 $40 calls trades on the stock for $2.50 per contract when the market was $2.32 to $2.50. Looks like a long-dated call buyer is opening a new position after the one-month 21.1 percent slide in the underlying. AIG was at $34.76 and a 52-week high on May 2 before the slide began.
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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.