Sell (20) NOV 48.0 strike Puts @ 0.39 = $(780)
Sell (20) NOV 49.0 strike Puts @ 0.63 = $(1,260)
Buy 20 NOV 50.0 strike Puts @ 1.00 = $2,000
Sell (10) NOV 52.5 strike Calls @ 0.44 = $(440)
Initial Trade P&L = $0
Shares of biotech micro-cap Cyclacel Pharmaceuticals have doubled in price in the past 10 days. Call it the Lloyd Christmas effect.
Jim Cramer ponders how the playing field is being leveled and how three stocks indicate a change in interest rates.
Johnson & Johnson, American Electric Power and Federal Realty say rates are going higher.