RSX
(RSX: 50.01 -2.09%) looks fantastic.
Don’t get me wrong, I love the company - US Steel is one of the few remaining US industrial giants that actually produces stuff (compare with the rest of our paper-pusher economy). Plus, they’re from Pittsburgh, home of the Stillers.
This looks like a good place to short it and ride it back down to 100. [...]
Did anybody else notice the activity on (LEH: 19.11 +1.11%) April puts today?
Strike
Symbol
Last
Chg
Bid
Ask
Vol
Open Int
10.00
LYHPB.X
1.30
0.55
1.30
1.30
28,711
907
15.00
LYHPC.X
2.70
1.35
2.60
2.95
35,609
2,420
20.00
LYHPD.X
4.59
2.64
4.20
4.40
41,460
14,491
Looks like some large bets that LEH will go under by the end of April.