MetLife Inc (MET) $30.98 +5.30%
Metlife (MET) adds $1.58 to $31 after the Federal Reserve extended the company’s deadline to submit a new capital plan to Sep 30 from June 12. Shares, which suffered a three-month 23.3 percent loss prior to today, are moving up and options volume on the insurance company is 29,000 calls and 7,200 puts. a 7600-lot of Aug 33 calls traded for 77 cents when the market was 75 to 78 cents and appears to be a new position. 20,200 traded. July 32, Jan 35 and July 31 calls are the next most actives in MET and 30-day ATM vols are up 2 percnet to 31.5.
Category: All Stocks, Insurance, Large Cap Stocks
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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.
