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 Ball options trade late Friday. The stock is up 6c to $72.61 and 11.9K Feb 72.5 calls on the beverage can company trades for $5.20 per contract. Smaller lots traded just before that and the 12.5K traded total will open the largest block of open interest in the name. In fact, total open interest [...]
Avon attracts late-day options action. The stock is off 8c to $6.68 and an 11.8K lot of Aug 6 puts on the cosmetics company trades for 35c when the market was 25 to 40c. Then another 8.2K more traded for 35c. More than 20K traded at that line and some of the bearish flow at [...]
Market Vectors Semiconductor ETF sees 4.5X average daily options volume. The ETF is off $1.64 to $55.95 in active trading of 8.8M shares amid weakness in the sector after memory chip-maker Micron (MU) dropped 18% on earnings. 34K puts and 4.5K calls traded on the semiconductor fund, being led by opening activity in the Aug [...]
Heightened options flow in Baker Hughes driven by one big block trade. The stock is down 45c to $61.61 and saw a modest tick lower intraday after the company released its latest rig count numbers. The bulk of the options flow is in the Oct 50 puts, as a buyer paid 90c per contract to [...]
Cypress Semi sees bullish flow, driven by sweeps of small lots of Aug 13 calls for 30 and 35c. More than 3,800 traded at that strike and positions are being opened as shares drop along the other chip stocks after Micron (MU) missed on earnings.
More than 60K calls traded in AMD options today. The stock is down 17c to $2.41 on increasing volume of 21.5M shares after an earnings miss from Micron (MU) sent the semiconductor sector lower Friday. Yet, while AMD shares are down 6.5%, options flow seems to be expressing bullish sentiment. 20.8K Weekly 2.5 calls expiring [...]
Barrick Gold with a second day of bullish flow. 10.3K Jul 2 Weekly 12 calls on the miner were opened yesterday. Jul 2 Weekly 11.5, Jul 10 Weekly 12, and expiring 11.5 calls on Barrick Gold saw opening action yesterday as well. In fact, total open interest in call options increased by 36K, compared to [...]
American Capital attracts a notable call spread. The stock is down 3.4% to $18.75 and a Dec 20 – 21 call spread on the REIT trades for 13c, 16450X. The Dec 20s open and the other leg might close. If so, the activity is maybe rolling a block of long Dec 21 calls opened in [...]
Anadarko Pete attracts a notable spread trade. The stock is up 17c to $80.90 and the Jan 90 – 110 – 130 call butterfly trades for $2.12, 5000X. If bought-to-open, the spread offers a max payout if shares rally 36% to $110 through Jan 15, 2016. The stock’s 52-week high is $113.51 from August last [...]
Put buyer in Phillips 66. The stock is up 38c to $79.27 and 5.2K Jul 78.5 puts on the refiner trade for $1.35 when the market was 1.15 to 1.35. It opens one of the largest blocks of open interest in the name and seems to be expressing a cautious three-week outlook for Phillips 66, [...]