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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Yum Brands Inc (YUM) $81.19 +2.27%

8X daily average volume, as 94,000 calls and 5,300 puts traded in Yum Brands. The stock is up 2.3% to $81.22 after a midday rally to $82.47 on news the company has implemented a proxy amendment to its by-laws, which apparently makes it easier for long-term shareholders to get on the company’s board. Investors ate [...]

February 27, 2015 | 0 Comments More

Sysco Corp (SYY) $39.04 -0.26%

Sizable call write in Sysco as shares drop 13 cents to $39. The investor sells a 17310-lot of Aug 41 calls on the food company at $1.275. 5000 more were sold later at $1.275. More than 24,000 traded and the opening action might be overwriting against a stock position. Separately, an investor bought the May [...]

February 27, 2015 | 0 Comments More

CST Brands Inc (CST) $42.55 -3.32%

Post-earnings options action in CST Brands. Shares are down $1.38 to $42.36 in the wake of mixed results and the top trade on the electronics company is a 2330-lot of Jun 45 calls, bought-to-open for $1.15 on ISE. Another 816 traded for $1.27 and was also an opening buyer, according to ISEE data. 4,456 traded [...]

February 27, 2015 | 0 Comments More

Triangle Petroleum Corporation (TPLM) $5.05 +0.40%

Triangle Pete options volume is 10X daily average. Shares are up 2 pennies to $5.05 and a 7886-lot of Mar 5 calls on the energy company trades for 40 cents. More than 8,200 traded at that strike and the flow appears to be closing from 1/29 when 10000 traded at 55 cents per contract when [...]

February 27, 2015 | 0 Comments More

Dyax Corp (DYAX) $14.99 -3.17%

Dyax draws a bearish three-way spread. With shares down 48 cents to $15, an investor is apparently selling May 20 calls on the biotech to buy May 7.5 – 12.5 put spreads, paying 40 cents for the package, 2000X. The activity will open the largest blocks of open interest in the name and comes three [...]

February 27, 2015 | 0 Comments More

American Airlines Group Inc (AAL) $48.18 -2.37%

American Airlines attracts a big spread trade. The stock is down $1.15 to $48.20 and the Mar 50 – 52.5 call spread on the airliner trades for 67 cents, 10000X. It appears to be a buyer and maybe a new position in anticipation of a rebound in AAL over the next few weeks. The stock [...]

February 27, 2015 | 0 Comments More

Dicks Sporting Goods Inc (DKS) $54.03 -1.51%

Dicks Sporting Goods draws bullish flow ahead of earnings. The stock is off 73 cents to $54.13 and an investor buys the Mar 55 – 57.5 (1X2) call ratio spread on the retailer for 22.5 cents, 4250X and again for 20 cents, 750X. Both legs of the spread open and the new position appears to [...]

February 27, 2015 | 0 Comments More

Market Vectors Oil Services (OIH) $34.76 +0.46%

Another block of puts on the Market Vectors Oil Services ETF. Shares are up 18 cents to $34.78 and seeing modest selling pressure this afternoon after Baker Hughes (BHI) said that its weekly rig count was down 43 to 1,287. A block of 13500 Jul 33 puts on OIH was noted earlier (10:51), as a [...]

February 27, 2015 | 0 Comments More

iShares MSCI Emerging Markets (EEM) $40.88 +0.27%

Deep out-of-the-money hedges in the iShares Emerging Markets Fund and the EFEA Fund are being adjusted today. EEM is up 13 cents to $40.90 and the investor is apparently selling 83,150 Jun 30 puts on the ETF at 9 cents and buying 95,240 Sep 30 puts for 30 cents. The spread appears to be rolling [...]

February 27, 2015 | 0 Comments More

Macerich Co (MAC) $83.63 +1.75%

Repeat action in Macerich. Shares are up $1.3 to $83.50 and a 3500-lot of Mar 90 calls on the retail REIT are bought for 55 cents per contract. 5,181 traded total and the flow might add to open interest (11,683), which saw a notable increase last week after buyers opened positions for 70 cents (see [...]

February 27, 2015 | 0 Comments More