Fastenal Co (FAST) $43.61 -0.68%

| September 21, 2012 | 0 Comments More

Fastenal (FAST) is off 32 cents to $43.59 and a sweep buyer opened a position in 4900 Sep 44 puts on the Winona, MI industrial and construction products company 90 minutes ago. ISEE data confirm that a customer bought, to open for 15 cents when the stock was trading for $44.10. The market is now 40 to 55 cents and 5,486 traded (at a VWAP of 16.7 cents) against 730 in open interest. The contract expires after today. (First posted at 11:00 EST — Sign up and get alerts like this throughout the trading day — Premium. Try for only $7.)

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Category: All Stocks, Industrial Goods & Services, 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.