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.
Big call writer in Dow Chemical. The stock is up 70c to $51.39 and 58K Dec 52.5 calls on the chemicals company are sold at $1.17 per contract. The $6.8M premium sale is opening and tied to 2.1M shares for $51.21. It comes a week after the company reported earnings and offered a strategic update, [...]
Bullish options activity in Lexicon despite further losses in shares. The stock is down 4.7% to multi-month lows of $9.57 and has dropped nearly 40% since hitting 52-week highs of $15.79 in mid-September. In options action, an investor appears to be selling April 7.5 puts on the biotech to buy Apr 10 – 15 call [...]
Bearish position in Carters opened as shares rally Wednesday. The stock is up $2.21 to $89.05 and seeing relative strength ahead of quarterly results, due tomorrow morning. In recent options action, an investor apparently sold Nov 97.5 calls on the retailer to buy Nov 82.5 – 87.5 put spreads, paying $1.30, 2500X. The action seems [...]
Shutterstock sees bearish flow. The stock is up 10c to $28.81 and an investor bought 5K Nov 25 puts on the online image company for 35c per contract. 13.8K traded total and positions are being opened ahead of earnings, due on 11/5. The stock saw notable selling pressure a week ago after Google Photos said [...]
Anheuser Busch attracts call buyhing ahead of earnings. The stock is up 39c to $117.60 and 10.5K Nov 125 calls on the beverage company are bought for 80c per contract. The investor also sold 195K shares and is opening a position ahead of quaterly profit results Friday morning.
Higher call volume in Visa driven by a position adjustment. The stock is up $1 to $78.52 and an investor buys 13K Nov 77.5 calls on the credit card company for $2.70, while selling 12K Nov 85 calls at 25c. The Nov 85s open and the other leg appears to be closing a position opened [...]
Notable print in the VIX pit ahead of the 14:00 FOMC announcement. The index is off .63 to 14.80 and the Dec 20 – 25 call spread on the index is bought for 61c, 45000X. If opening, the spread is expressing concerns about another spike in short-term market volatility, even as spot VIX hovers near [...]
Wisdom Tree Hedged Japan Equity Fund with bullish options action. Shares are up 45c to $53.97 and an investor collects a nickel to sell Dec 46 – 49 put spreads on the ETF and buy Dec 60 calls, 20000X. The new position is being initiated after a nearly 11% month-to-date advance in shares and is [...]
Notable options block opened in Teva ahead of earnings. The stock is up $2.46 to $61.90 and 40K Jan 60 calls on the pharmaceutical company traded at $4.25 when the bid-ask was $4.15 to $4.50. The block traded on CBOE and direction unclear. However, the contract is $1.90 in-the-money and the activity is possibly an [...]
KLA Tencor options volume is 8X daily average driven by a deep out-of-the-money put buyer. The stock is up 42c to $65.76 and 20K Mar 25 puts on the chip equipment company are bought for 5c per contract. The unusual new position opens the largest block of open interest in the name and is struck [...]