Author Archive: Fred Ruffy

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.

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Spectrum Pharmaceuticals Inc (SPPI) $7.07 +2.17%

Spectrum Pharmaceuticals sees bullish flow. The stock is up 16 cents to $7.08 after a spike to $7.37 and 3,500 Mar 7 calls on the biotech are swept across multiple exchanges for 85 cents when the bid ask was 40 to 85 cents. More than 4,700 traded at tht strike and the March term will [...]

January 30, 2015 | 0 Comments More

Diamond Foods Inc (DMND) $24.83 -9.01%

Diamond Food draws bearish flow. The stock is off 7.5% to $25.37 and one player buys 3,400 Feb 26 puts on the food company midday for 86.5 cents per contract. The action will create the largest block of open interest in the name. 4,300 traded total and the flow doesn’t capture earnings, due out early-March. [...]

January 30, 2015 | 0 Comments More

Williams Companies Inc (WMB) $44.20 +1.40%

Big call buyer in Williams Companies. The stock is up 56 cents to $44.15 and the investor buys 11,000 Weekly (2/6) 45 calls on the natural gas company at 57 cents and buys 23,000 Feb 45 calls for $1.25 (vs 1.4 mln shares at $44.24). The Weekly (2/6) calls open a new position and the [...]

January 30, 2015 | 0 Comments More

United States Oil Fund LP (USO) $17.79 +6.65%

Big move in the US Oil Fund. Crude is up nearly $3 to $47.50 and USO jumps 7.5% to $17.95. Expiring Weekly (1/30) 17 calls are the most actives in the ETF. 17,700 traded, including a 4350-lot at 41 cents when the market was 40 to 50 cents. Looks like a closing seller. Open interes [...]

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iShares 20 plus Year Treasury Bond (TLT) $137.55 +1.24%

Big print in the Long-term Bond Fund. TLT is up $1.82 to $137.69 and setting new record highs in the wake of disappointing GDP numbers. On the options front, a Feb – Mar 128 put spread on TLT trades for 44 cents, 50000X. It appears to be rolling a block of (long) puts out one [...]

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Penn Virginia Corp (PVA) $4.85 +2.11%

Penn Virginia with higher call volume led by a block trade. The stock is up 12 cents to $4.87 and a 10000-lot of Mar 5 calls on the oil and gas company trades at 55 cents on ISE. A customer sold-to-open, according to ISEE data, the sizable call writing seems to be part of a [...]

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Texas Instruments Incorporated (TXN) $54.01 -1.21%

Noteworthy trade in Texas Instruments. With the stock down 74 cents to $53.93, a 13145-lot of Feb 56.5 calls on the chip-maker is sold-to-open at 24 cents per contract on ISE. 14,520 traded total against 141 in open interest. The action seems to be expressing the view that shares will hold below 56.5 (4.8%) over [...]

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iShares Russell 2000 (IWM) $116.37 -1.63%

Repeat activity in the iShares Small Cap Fund. With shares down $1.66 to $116.64, the May 95 – 100 – 110 put fly on the ETF trades for $1.37, 42000X. Looks like the same spread that was bought for $1.34, 22000X Thursday. Today’s open interest confirm that all three legs of the spread were opening [...]

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Apple Inc (AAPL) $119.43 +0.45%

Pin play in Apple? For the third consecutive day, Apple Weekly (1/30) 120 calls are the second most active options across the market (behind SPY Weekly 200 puts). 77,525 traded at that strike. Open interest is nearly 60K and the largest among the Weekly (1/30) Apple options. The stock is setting record highs and it’s [...]

January 30, 2015 | 0 Comments More

Marvell Technology Group Ltd (MRVL) $15.62 +2.29%

Marvell Tech calls outpace puts nearly 50:1. Roughly 22,000 puts and 450 calls traded on the chip-maker. The stock is up 33 cents to $15.60 and seeing relative strength today on renewed M&A chatter (FlyOnTheWall). 6,200 expiring Weekly (1/30) 15.5 calls traded in the name. Mar 15, Weekly (2/6) 15.5, and Mar 17 calls are [...]

January 30, 2015 | 0 Comments More
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