Universal Display Corp (PANL) $38.90 -8.96%
Universal Display (PANL) is trading down $3.60 to $39.13 on heavy volume of 2.7 million shares on worries Apple’s patent dispute victory over Samsung will delay product launches at Samsung. Options volume on the stock is 3,100 calls and 2,490 puts traded on the stock so far. The top trade is possibly a contrarian play on the stock, as a 1000-lot of PANL Sep 43 calls traded at the 60-cent asking price when the market was 50 to 60 cents. 1,335 contracts now traded and implied volatility is up 6.5 percent to 50. Briefing is reported that Wedbush and Cowen analysts are out defending the stock.
Category: All Stocks, Industrial Goods & Services, Small 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.
