Aetna (AET) adds 27 cents to $41.38 and July 42 – 46 call spreads are sold on the insurance company to buy July 36 puts, 66 cents collected on the three-way, 5000X. It likely closes a position opened on 5/24 for 61 cents when AET was about 20 cents below current levels. They’re probably taking the profit now rather than running the risk of holding a bullish position in the name ahead of Obamacare ruling from the high court.
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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.