Volume Spike Investor

Today could represent a ket technical violation in shares of Merrill Lynch & Co. (NYSE: MER).  Shares are down 10.5% at $24.65 as of 3:10 PM EST.  We have seen almost 39 million shares trade hands, compared to an average daily volume of 28.7 million shares.
The key level to watch is $24.69.  That isn’t a [...]

Merrill Lynch & Co. (NYSE: MER) is seeing some accelerated PUT OPTION activity today in the various JULY 2008 expiration PUT contracts.  Based upon all the rumors around almost every single financial, it may not be totally abnormal.  What is interesting is that with a $35.00 stock handle, some of these are WAYYY out of [...]