Your intraday option s trading update. Trading moderate post-Bernanke press
conference rally. Earnings reports mixed with Aetna (NYSE: AET ) making traders
happy and rising 1.70 to 41.51, while Akamai (NASDAQ: AKAM ) drops around $6 to
35. Top action continues from investors fascinated by shiny metal. "Silver
still the talk of the day," said Roy Briggs with the Stutland Volatility Group
in Chicago. The iShares Silver Trust (NYSE: SLV ) is up 1.56% to 47.74 on volume
of nearly 100 million. Briggs seeing interesting options trading in the iShares
MSCI Emerging Markets Index (NYSE: EEM ). A trader sold an EEM June Put Spread,
10,000 contracts on each side. Sold the June 49 Put and bought the June 45 Put
for a credit of around $1. "If the EEM stays here (until June expiration), the
seller collects the premium," said Briggs. EEM is at 49.58, down .53. Foster
Wheeler (NASDAQ: FWLT ) also on Briggs' radar as about 1100 FWLT May 37 Calls
trade for 50 cents, no one large block. The strike has open interest of 1400
before the trade. "Maybe it's someone taking a shot," ahead of Foster
Wheeler's earnings report May 3, said Briggs. FWLT designs and operates oil
and gas processing facilities worldwide.
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