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.
Republic Airways Holdings Inc (RJET) $10.95 +2.91%
Repoblic Airways (RJET) is up 39 cents to $11.03 in active trading of more than 1 million shares on talk of “Frontier Airlines PE interest”, according to Briefing. 1,500 calls and 40 puts traded on the airliner, which is 11X the daily average. Apr and May 12.5 calls are seeing the bulk of the flow [...]
iShares MSCI Mexico Capped Investable Market Index (EWW) $75.27 +1.28%
iShares Mexico Fund (EWW) adds 95 cents to $75.27, new 52-week highs, and options volume on the ETF is running 6X the daily average. with 47K calls and 1,300 puts traded so far. One large call purchase drove some of the activity midday after one investor bought 9300 May 76 calls on the stock for [...]
WhatsTrading.com Options Recap — 04/09/2013
Microsoft (MSFT) and Intel (INTC) are leading the Dow to a 90-point gain Tuesday. MSFT rallied 3.7 percent to $29.63 in brisk trading of 45 million shares. The move is leaving many scratching their heads, as there is no immediate news to explain the strength. Meanwhile, 160K calls and 62K puts traded in the name. [...]
Microsoft Corp (MSFT) $29.55 +3.38%
Microsoft (MSFT) and Intel (INTC) are leading the Dow to a 90-point gain Tuesday. MSFT rallied 3.7 percent to $29.63 in brisk trading of 45 million shares. The move is leaving many scratching their heads, as there is no immediate news to explain the strength. Meanwhile, 160K calls and 62K puts traded in the name. [...]
IShares MSCI Japan Index (EWJ) $10.99 -0.68%
iShares Japan Fund (EWJ) is off 6 cents to $11 and a Jun 11 – 12 strangle is bought on the ETF for 47 cents, 20000X. It’s tied to 1.1 million shares. 25000 now traded on the day and appears to be opening activity, possibly on the view Japan’s equity markets will remain volatile through [...]
Assured Guaranty Municipal Holdings Inc (AGO) $20.33 +0.25%
Assured Guaranty (AGO) adds 8 cents to $20.36 and a new position in 5000 of the Jan2015 30 calls is bought-to-open for $1.32 per contract. The long-term position is being initiated after a 43 percent year-to-date surge in the stock.
Texas Instruments (TXN) Draws Unusual Trading Activity
Texas Instruments (TXN) is off 21 cents to $34.86 and May 35 puts on the chipmaker are actively traded Tuesday morning. 18,900 traded against 1,225 in open interest and the flow has been in smaller lots. The biggest trade is a sweep of 1,240 contracts for an average of $1.25 when the market was $1.20 [...]
TJX Companies Inc (TJX) $47.16 -0.61%
TJX notched 52-week highs early Tuesday, but has since come under fire and is down 60 cents to $46.84 in active trading of 2.3 million shares. In options action, one investor sold a 20,000-lot of July 45 puts on the retailer at $1.33 per contract. It’s tied to 800K shares. 25,000 July 45 puts now [...]
Nuance Communications Inc (NUAN) $20.93 +3.28%
Nuance (NUAN) adds 74 cents to $21.01 in brisk trading of 3.6 million shares on unconfirmed chatter that the Burlington, MA app software developer has hired advisors to explore strategic alternatives — Briefing. Call volume is outpacing put activity in NUAN by a ratio of ten-to-one. 16,000 calls and 1,550 puts so far. Players are [...]
St Jude Medical (STJ) $40.99 -2.27%
ST Jude Medical (STJ) is under pressure today, down 97 cents to $40.97, on increasing volume of 1.05 million shares after RBC downgraded the stock Tuesday morning. 3,585 puts and 815 calls traded on STJ so far. Apr 40 puts are the most active. 2,225 traded against 1,730 in open interest. May 39 puts have [...]
