Volume Spike: Red Hat Options (RHT)
Red Hat Inc. (NYSE: RHT) has seen a very unusual amount of activity in its stock options today. We have witnessed some 36,208 contracts having traded in the JAN-2009 $22.50 CALLS alone. Some of these could be sells as the open interest is more than 43,000 contracts, but that is a very unusual move in [...]
Traders Avoid Down Stocks On Big Days (YRCW, HAYZ, HSII, PEP, KO, RACK, RBS)
Traders hate chasing losers. Frequently the worst calls on the street are the ones where traders chase losers when the broad market is up. Today there is a surprise drop in YRC Worldwide (NASDAQ: YRCW) down almost 8% at $5.45. Amazingly, that isn’t even a 52-week low. Fitch lowered the debt ratings and credit quality [...]
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