Universal Display (PANL) sees a sudden spike to $32.80 and is now up $2.37 to $30.19 on increasing volume of 843,000 shares. Options on the Ewing, NJ organic light emittind diode (OLED)-maker are beginning to seeing interest as well. 1,880 calls and 710 puts so far. The flow is scattered. Mar 31, Feb 30, and Mar 32 calls are the most actives. No news on the ticker to explain the midday surge. Briefing cites a technical break of $30. Earnings due out late-February.
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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.