Vringo (VRNG) adds 10 cents to $2.66 and one investor sells 1,000 Dec 2 puts on the stock at 44 cents to buy 2,000 Nov 5 calls for 12 cents, on ISE. Data from ISE indicating an opening position. The bullish combo is being initiated the day after shares tumbled 36 percent after the New York-based app software developered updated developments in a court case vs. AOL. Closing arguments begin today.
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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.