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.
Relative strength and increased call activity in Target. The stock is up 60 cents to $66.32 and Nov 67 calls on the retailer have traded 2,444 contracts vs. 129 in open interest. Another 1,335 Weekly (11/14) 67 calls traded vs. 0 open interest. The company reports earnings on 11/19 and saw a two-day spike Friday-Monday [...]
Higher put volume in Hertz. The stock is up 34 cents to $22.35 after the company announced yesterday that it would delay its earnings release (which was expected yesterday). The stock has seen little reaction to the news and, in the options market, one player bought the Nov – Dec 21 put spread on the [...]
Second day of active shopping for Walmart call options. The stock is up $1.13 to $79.90 and the best gainer in the Dow today ahead of earnings, due Thursday morning. 53,000 calls traded on the retailer Friday on unconfirmed chatter activists are pushing Walmart to spin off Sams Club (see 11/7 color). In the options [...]
Cisco Nov 24 puts see interest for a second day. One player apparently bought-to-open 20,700 contracts for 26 cents yesterday morning. 26,800 traded total and open interest increased by more than 23K. Shares are off 3 cents to $25.23 this morning and 4,700 of the same puts were swept across multiple exchanges for 22 cents. [...]
Peabody energy heats up along with the coal sector after Republicans seized the Senate yesterday. BTU is up 15 cents to $10.44 and recent trades on BTU include a sweep of 4,333 Jan 10 calls for $1.21 when the market was $1.13 to $1.21. It opens. 5,497 changed hands total.
Calls outpace puts in Plug Power by 10:1. The stock is up 9% to $5.16 in active trading of 12 million shares amid relative strength in alternative electrical/battery names (BLDP and FCEL are also rallying). 26,000 calls and 2,600 puts traded in PLUG. 4,800 Weekly (11/7) 5.5 calls traded in the name. Dec 5, Weekly [...]
Southern, which attracted a noteworthy call writer earlier, is seeing interest in puts as well. The stock is down 21 cents to $47.17 and a buyer was paying 65 cents (and up) for 20K Nov 46 puts on the utility company, to open. More than 37,000 contracts traded and bearish positions are being opened ahead [...]
Big prints in the mini-S&P 500 index. XSP is up 2 points to $198.16 after the S&P 500 added 20 ahead of tomorrow’s FOMC announcement. In afternoon options action today, an investor was apparently buying the Weekly (10/31) 194 – Dec 190 put spread on the index for $1.86, 11729X and also buying Jan 188 [...]
Nov 6.5 calls on Groupon are seeing interest ahead of earnings. The stock is up 10 cents to $6.03 and a 2900-lot printed for 30 cents when the bid-ask was 28 to 30 cents. 7,043 traded total against 1,982 in open interest. Jan 7 calls, 6 puts, and 5 puts are the next most actives, [...]
JP Morgan Alerian MLP attracts a second day of put activity. 10K Nov 50 puts were bought yesterday. Shares are up 30 cents to $51.05 and a 5000-lot of Nov 51s trades for $1.85. Hearing its a buyer. AMLP is also seeing bearish flow today.