Diversified chemical giant Dow Chemical Co. (DOW) sees a relatively large Bearish Put spread opened this afternoon with an investor purchasing 9,000 January 26 Puts at $1.56 and financing the purchase with the sale of 18,000 January 22.5 Puts at $.68.
A look at the market, the VIX and links to morning stories
Today's tickers: HWD & PWR
Bulls bubbly on PepsiCo, Marathon Petroleum bears bank profits
ON Semiconductor's shares have broken above their short term resistance level of $8.12 today and are approaching their highest price level in more than three months.
PepsiCo, Inc. (PEP) shares are trading at their highest level in more than three months today and early option activity suggests some investors are looking for this recent uptrend in the stock to continue during the remainder of 2011.
As many of you know the VIX options are quite a unique beast.
A pre-market snapshot for Wednesday, November 16
Pre-market stories and a look at the day ahead
Heating Oil Heats Up!
Unusual Options Activity Review For Tuesday, November 15, 2011
Career Education Corp. (CECO), a provider of private, for-profit post-secondary education, is seeing unusual option activity this morning with opening Put sellers accounting for a majority of the volume.