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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FNF Group (FNF) $35.95 -1.70%

Flurry of activity in FNF upside calls Friday. The stock is down 68c to $35.90 and smaller lots of Sep 37 calls on the title insurance company traded at 20c per contract this morning when the bid-ask was 20 to 25c. 12.3K traded at that line against 793 in open interest and the new positions [...]

September 4, 2015 | 0 Comments More

Walt Disney Co (DIS) $100.54 -1.42%

Disney draws a short-term put seller. The stock is down $1.46 to $100.53 and 15K Sep 11th Weekly 100 puts on the entertainment company traded at $1.33 per contract, 15000X on ISE. The $2M in premium is an opening seller for a customer account, according to ISEE data. The options are 53c out-of-the-money and expiring [...]

September 4, 2015 | 0 Comments More

Staples Inc (SPLS) $13.57 -1.63%

Sizable options block in Staples as shares lose 1.4%. The stock is down 19c to $13.16 and falling along with Office Depot (ODP) after the FTC sent a second round of subpoenas related to the SPLS – ODP merger. Ten minutes after 100K Jan 5.5 puts on ODP were sold-to-open at 45c, a 60K block [...]

September 4, 2015 | 0 Comments More

Peabody Energy Corporation (BTU) $2.26 +4.15%

Sudden burst of activity in Peabody Energy deep out-of-the-money calls. Shares are off 4c to $2.13 and 9.6K Dec 4 calls on the coal producer traded across multiple exchanges for 30c and then another 3.4K were swept for 30c when the bid-ask was 17 to 30c. 13.1K traded total against 16.3K in open interest. Jan [...]

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Office Depot Inc (ODP) $7.25 -1.02%

Big print in Office Depot options will open the largest block of open interest in the name. The stock is off 7c to $7.25 and 100K Jan 5.5 puts on the office supplies retailer are sold at 45c per contract against 2.1M shares at $7.18. The new position is likely expressing confidence that shares will [...]

September 4, 2015 | 0 Comments More

Delta Air Lines Inc (DAL) $45.49 +0.94%

Delta neutral options strategy amid relative strength in the airlines. The sector is higher after crude oil slipped further and IATA reported July passenger miles rose 8.2%. In optiions action, 21.6K Sep 48 calls on Delta Airlines trade at 39c against a block of 496K shares at $45.84. The flow likely covers a position opened [...]

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PVH Corp (PVH) $117.15 -0.58%

Notable options prints in PVH will open the largest blocks of open interest in the name. The stock is off 65c to $117.15 and the Sep 115 – 120 risk-reversal on the apparel company trades for 73c, 2000X. The combo is possibly a hedge or collar for fear the stock might give up recent gains [...]

September 4, 2015 | 0 Comments More

Macys Inc (M) $58.81 -0.81%

Call spread in Macy’s as a bullish position is moved out three months. The stock is down 45c to $58.83 and the Nov – Feb 62.5 call spread on the retailer trades for $1.25, 2500X. The spread likely rolls a block of 6.2% out-of-the-money calls to February from November after recent losses in shares. The [...]

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iShares MSCI Hong Kong (EWH) $18.58 -1.72%

iShares Hong Kong deep out-of-the-money puts are active as shares fall to the lows of the week. The ETF is down 1.8% to $18.57 and its worst levels since the August 24 panic sell-off. 2.7K Jan 14 calls on the fund have changed hands against 2 lone contracts of open interest. Jan 15 puts, Mar [...]

September 4, 2015 | 0 Comments More

BlackBerry Limited (BBRY) $7.58 +1.40%

Blackberry calls outpace puts more than 6:1. The stock is up 10c to $7.56 in active tarding of 8.1M shares after hitting a morning high of $7.82 on plans to buy Good Technology for $425M. In options action Friday, an investor seized the morning strength to sell 4K Oct 9 calls on the Canadian mobile [...]

September 4, 2015 | 0 Comments More