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 post-earnings print in Sprint. With the stock off 18 cents to $7.82, the investor sells 31,347 Aug 8 puts on the telecom at 20 cens per contract. 41K traded on the day and much of today’s activity might close one leg of an Aug 8 – 11 bearish risk-reversal from early-June (see 6/5 color). [...]
Vringo sees higher options volume on spread trading. The stock is down a nickel to $3.26 and the Aug – Sep 3.5 put spread on the New York, NY patents and property rights company trades for 24 cents, 4000X. Looks like a roll out to Sep from Aug and extending a bearish outlook in VRNG [...]
Short-term put buyer in the Market Vectors Russia ETF. Shares are off 22 cents to $26.37 and one player bought 7,500 Jul 25.5 puts on RSX for a dime and bought 7,060 Jul 26 puts for 20 cents. Both legs are opening and the flow seems to be expressing concerns about additional weakness in Russia’s [...]
Blackstone July 34 calls see early interest. The stock is up 28 cents to $33.08 and 2209 recently printed for 22 cents on CBOE when the bid-ask was 20 to 22 cents. 2,549 now traded against 4,923 in open interest. The calls expire in a few days and will capture 7/17 earnings. Sep 34 calls [...]
Hefty spread in Cheniere Energy. The stock is 95 cents to $72.07 and 50000 Jan2016 75 – 85 call spreads on the natural gas company are sold at $3.30. It appears to be closing positions opened on 4/14 when the same spread was being bought to open for $1.85. The stock is up 32.5% since [...]
Cisco Sep 27 calls are among the most active options Monday. The stock is up 14 cents to $24.84 and one of 11 Dow stocks holding gains on another low volume, quiet trading session. The top options trade on the networking company is sweep of 13,500 Sep 27s for 17 cents per contract this morning [...]
Dow Chemical draws a big options trade. The stock is flat at $51.61 and the investor bought a 12,350-lot of Sep 50 calls on the chemicals comapny for $2.90 per contract. It’s tied to 653K shares at $51.48 and might close an open position. Open interest is 16K.
Second day of higher options volume on VMWare. 11,000 calls and 1,700 puts traded on the virtualization software-maker Friday, led by opening activity in Aug 100 and Jan 105 calls. Another 8,380 calls and 1,025 puts traded in VMW today, which is 3X the daily average. The focus is now on Aug 105s, which ave [...]
Increased call activity in Weatherford. The stock is up 42 cents to $23.02 and one player was a recent buyer of 8,300 Sep 26 calls on the oil driller for 43 cents per contract. 8,830 now traded at that strike against 9 contracts in open interest. Sep 24 and 25 calls are the next most [...]
Big premium buyer in PVH. The stock is down $1.12 to $116.38 and a 10000-lot of Sep 115 calls trades on the New York, NY textile company for $6.10 when the bid-ask was $5.60 to $6.10. Looks like an opening buyer and tied to 500K shares, maybe a stock replacement strategy after an 11.6% drop [...]