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Frederic Ruffy

 
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  • Thursday Options Recap [View article]
    Thanks for the feedback.

    You can initiate a bear put spread on any stock. The key is for the stock to fall and for the spread to widen. For RIMM, I don't know. Trading around earnings is always tricky because the post-earning reaction is difficult to predict. I'd focus a bit longer-term and not just on the profit report.
    Jun 8, 2012. 09:29 AM | Likes Like |Link to Comment
  • Friday Options Recap [View article]
    They're taking a profit and also reducing the amount of capital at risk by rolling down. It's also probably a hedge. So, they're adjusting the position after the recent decline in the QQQ.

    Thanks for the question.

    And thanks for the feedback Joe and Primo.
    May 26, 2012. 11:03 AM | Likes Like |Link to Comment
  • Tuesday Options Recap [View article]
    There is a typo in the second sentence on the Mosaic note.

    It should be puts, not calls. He rolled to July 47.5 puts. So, out one month, down in strike prices. It might be to hedge a big position in shares.
    May 22, 2012. 07:19 PM | Likes Like |Link to Comment
  • Tuesday Options Recap [View article]
    No doubt!
    May 22, 2012. 07:19 PM | Likes Like |Link to Comment
  • Friday Options Recap [View article]
    The udpate was written intraday. It was posted on our blog at 11:02 and is accurate.

    The recap is just a sample of what we write about throughout the day. We monitor the options order flow for interesting trading activity, which can sometimes give indications regarding sentiment and/or help us generate our own trading ideas. In this case, sentiment in RIMM still seems somewhat bearish and somebody just bought 12,000 Jun 7 puts on the stock for 33 cents per contract, which represents a $400K investment and a substantial cash outlay for out-of-the-money puts that expire in six weeks.

    Thanks for your question. Have a great weekend!
    May 4, 2012. 05:23 PM | 1 Like Like |Link to Comment
  • Friday Options Recap: Expiration Day [View article]
    Very interesting. It would probably be public knowledge to many employees, friends, and family if Mr Hackworth was very ill. It's kind of sick (no pun intended) to trade off of that kind of information, but not necessarily illegal or insider trading. Thanks for the info.
    Apr 24, 2012. 11:06 AM | Likes Like |Link to Comment
  • Friday Options Recap: SodaStream Bubbles Higher [View article]
    Thanks.

    Briefing has Apr 16. There's nothing on the company's web site. Believe me, I checked.

    Best Regards,

    Fred Ruffy
    Apr 14, 2012. 05:20 PM | Likes Like |Link to Comment
  • Friday Options Recap: SodaStream Bubbles Higher [View article]
    Things got ugly in the final hour after I wrote this. It's Friday the 13th. So I guess it's to be expected. haha. Have a great weekend everybody and thank you for reading the Options Recap.

    Best Regards,

    Fred Ruffy
    Apr 13, 2012. 04:01 PM | 2 Likes Like |Link to Comment
  • Tuesday Options Recap [View article]
    I don't think so. Our systems show 70 percent of the Apr 5 puts traded at the ask. The largest trade was 230 contracts for 30 cents when the market was 20 to 30 cents, followed by 185 contracts for 50 cents when the bid-ask was 40 to 50 cents. Where are you getting your info?
    Apr 4, 2012. 10:25 AM | Likes Like |Link to Comment
  • Wednesday Options Recap [View article]
    Oops. typo. $1660.
    Mar 29, 2012. 08:32 AM | 1 Like Like |Link to Comment
  • Thursday Options Recap [View article]
    Hi Allbill,

    I don't make trade recommendations in the recap. It's designed to offer market commentary and highlight interesting or unusual options trading activity. It's a snap shot of what we do throughout the day at Trade Alert and WhatsTrading. Identifying large block trades or interesting spreads can help readers find their own trades.

    Thanks for the question.
    Mar 23, 2012. 10:09 AM | 1 Like Like |Link to Comment
  • Monday Options Recap [View article]
    Take a look at our site, whatstrading where we have tables updated throughout the day, as well as Shaeffers Investment Research (Options Center).
    Mar 13, 2012. 12:02 PM | Likes Like |Link to Comment
  • Thursday Options Recap [View article]
    Haha. Bullish flow is a good thing! We look for increases in options activity for changes in sentiment. Bullish trading is typically defined as higher than normal call option volume with a high percentage of the volume traded at the offer or asking price, which indicates increasing buying interest. In NRGY, options volume was 5X the normal. The stock sees average daily volume of about 600 contracts and yesterday's volume was closer to 3000. Most of the activity was in March 17.5 calls. 2,145 traded and 94 percent of the volume traded at the offer, indicating call buyers were driving the activity.
    Mar 9, 2012. 09:14 AM | Likes Like |Link to Comment
  • Thursday Options Recap [View article]
    Hi, I'm still staying clear of the financials. I like the opportunities in other sectors better. So I don't really have an idea for BAC. If I had to guess, I'd say it's probably a hold. Maybe write some upside calls against the stock position (covered calls).

    Good luck!
    Feb 24, 2012. 09:08 AM | Likes Like |Link to Comment
  • Thursday Options Recap [View article]
    Maybe. But there's been massive selling of April 8 calls in BofA this week. Looks like positions that were opened in late-Jan/early-Feb are being liquidated for a hefty profit after the rally since that time. Seeing a lot of call writing and some modest put buying in the financials this week -- possibly some institutions believe the rally has run its course.
    Feb 23, 2012. 07:22 PM | Likes Like |Link to Comment
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