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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NVIDIA Corp (NVDA) $19.80 +0.08%

17,000 puts and 3,200 calls trade in graphics chip-maker NVIDIA. The stock is up 4 cents to $19.83 and the bulk of the flow is in the December term, including more than 5,000 Dec 17s. Dec 16, Dec 19, and Dec 18 puts are the next most actives in NVDA and 30-day implied volatility in [...]

November 17, 2014 | 0 Comments More

Talisman Energy Inc (TLM) $5.81 +2.11%

Spike in Talisman Energy shares. The stock is up 13 cents to $5.82 and 5.8% from session lows. It looks like one player paid 15 cents per contract to open in the Nov 6 calls, 1340X. 1,400 traded at that strike, which accounts for 64% of the total options volume in TLM today. But only [...]

November 17, 2014 | 0 Comments More

BE Aerospace Inc (BEAV) $76.29 -0.16%

Options volume in BE Aerospace is 12.5X the daily average, being driven by a position adjustment. The investor sold 10,865 Nov 75 puts on BEAV at 70 cents and bought 10,865 Nov 80 calls for 35 cents. The combo appears to cover a position ahead of this week’s expiration. Now, with shares off 14 cents [...]

November 17, 2014 | 0 Comments More

S&P 500 Index (.SPX) $2040.27 +0.02%

Huge combo in the S&P 500 pit. With the the index up 1.18 to 2041 and, at this rate, on track for its fifth consecutive session of moving less than 2 points for the day, the Feb 1860-2150 bearish risk-reversal on SPX is bought for $9.40, to open (hearing a possible account swap or maybe [...]

November 17, 2014 | 0 Comments More

Unum Group (UNM) $33.67 -1.55%

5,000 puts and 70 calls traded in UNUM Provident, or 25X daily average for the accident & health insurer. December puts, which expire the same week as the company’s Dec 16 Analyst Meeting, are capturing the bulk of the flow. The top trade is a 1550-lot of Dec 34 puts for $1.30 on ISE and [...]

November 17, 2014 | 0 Comments More

Interpublic Group of Companies Inc (IPG) $19.66 +1.13%

IPG April 19 calls for $1.90, 4189X. The market was $1.45 to $1.60. More than 4,700 traded vs. 46 in open interest. The stock is up 23 cents to $19.67 and has rallied 16.7% since 10/10. Earnings were released on 10/22 and opening of Apr 19 calls seems to be expressing coinfidence in IPG through [...]

November 17, 2014 | 0 Comments More

Baker Hughes Inc (BHI) $65.91 +10.05%

Baker Hughes draws a bullish options combo. The stock is up $6 to $65.90 on news Halliburton wants to buy the company for a deal valued at $78 per share, or a 31% premium to BHI’s closing price Friday. On the options front, one player sells 5000 Jan2016 60 – 75 bullish risk-reversals on Baker [...]

November 17, 2014 | 0 Comments More

Hess Corporation (HES) $80.37 -3.20%

Hefty spread in Hess. With the stock down $2.45 to $80.58, the investor is apparently rolling an 11,000-lot of Nov 80 puts on the oil refiner at 80 cents to a new position in the Dec 80 puts for $2.625 per contract. The Nov 80 puts were apparently opened in mid-October, including 7,000 contracts for [...]

November 17, 2014 | 0 Comments More

CBS Corp (CBS) $52.91 -0.94%

Sizable spread in CBS. With the stock down 59 cents to $52.82, the Nov 53 – Dec 55 call spread on the media company is bought for 35 cents, 20000X. It appears to roll some bullish positions in Nov 53s (at 75 cents today) that was opened for $1.60 a couple of weeks ago (see [...]

November 17, 2014 | 0 Comments More

Broadcom Corp (BRCM) $41.86 -0.59%

Broadcom with bullish flow for a second time in three days. Nov 43 and Weekly (11/28) 43 calls on the chip-maker were active Thursday (see 11/13 color). The stock is off 15 cents to $41.96 and buyers were apparently paying 51, 52, 53 and 55 cents for 1,000 lots of Dec 44 calls on BRCM [...]

November 17, 2014 | 0 Comments More
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