Frederic Ruffy

Frederic Ruffy

Frederic Ruffy is the Senior Options Strategist at , a site dedicated to helping traders make sense of the complex and fragmented nature of listed options trading. In addition to writing market commentary and trading-related books and articles, Fred has also worked as an instructor, educating investors on advanced topics like measuring volatility, the benefits of sector rotation and the risks and potential profits from trading around earnings. An active trader himself, with over 15 years securities industry experience, his market observations and analysis of the options market are featured regularly in the financial press including Barron’s, Reuters, The Wall Street Journal, Bloomberg and Futures Magazine.

Recent Articles

Microsoft, El Paso Grab Options Action

Options trading slow but Microsoft, (NASDAQ: MSFT), Tiffany (NYSE: TIF) and El Paso (NYSE: EP) garner strong volume.

Tesla Powers Up as SPY Options Drop

Options trading moderate with Tesla Motors (NASDAQ: TSLA) and PowerShares Bullish Dollar Fund (NYSE: UUP) rising as the CBOE Volatility Index (CBOE: VIX) fell.

Bulls Flock to Retailers American Eagle, Saks

Retailers American Eagle (NYSE: AEO) and Saks ((NYSE: SKS) saw bullish options trades while Cisco (NASDAQ: CSCO) and China-Biotics (NASDAQ: CHBT) were slammed.

VIX Rallies in Options Trading Today

Bears rule options trading with the CBOE Volatility Index (CBOE: VIX) touching 20 though Bank of America (NYSE: BAC) finds some fans.

Option Troubles Sends VIX Higher

Options expiration Friday trading busy with Cheniere Energy (AMEX: LNG), CBOE Volatility Index (CBOE: VIX), The Gap (NYSE: GPS) and Aeropostale (NYSE: ARO).

Expedia, Freeport Grab Option Spotlight

Options trading mild for expiration Thursday though Expedia (NASDAQ: EXPE), Freeport McMoRan (NYSE: FCX) grab some volume.

Traders Buy BofA Calls, XLI Industrial Puts

Options trading quiet while volume flows to Bank of America (NYSE: BAC) Hershey (NYSE: HSY) and SPDR Industrials ETF (NYSE: XLI).

Hewlett, Dell See Huge Option Trading

Options trading was active in Hewlett Packard (NYSE: HPQ) and Dell (NASDAQ: DELL) as personal computer market contracts.

Yahoo, Morgan Busy in Options Today

Options trading quiet though Yahoo (NASDAQ: YHOO), Dell (NASDAQ: DELL) and Morgan Stanley (NYSE: MS) grab some volume.

Nvidia, Sachs Hit in Options Trading

Options trading moderate as bears take control of Goldman Sachs (NYSE: GS), Nvdia (NASDAQ: NVDA).

Apple Weekly Options Draw Interest

Weekly options on Apple (NASDAQ: AAPL) get trader interest as Cisco (NASDAQ: CSCO) gaps down, and Goldman Sachs (NYSE: GS) gets a sell signal.

Crude Drop Sends SPDR Oil Options Down

Broad sell off hits options trading in SPDR Oil Exploration and Production Fund (NYSE: XOP), while hope lives in SPDR Technology ETF (NYSE: XLK).

Options Traders Bullish on MicroSoft

Microsoft (NASDAQ: MSFT) finds bullish options traders as market volume distorted by ex-dividend trading in equities.

RIMM Hung Up, Dollar Thrifty Gassed Up

Options quiet but action seen in Research In Motion (NASDAQ: RIMM), Dollar Thrifty (NYSE: DTG) is Sysco Corp. (NYSE: SYY).

Options Active With Deutsche Bank Under Fire

Options active with CBOE Volatility Index (CBOE: VIX) rising again and Deutsche Bank (NYSE: DB), Tyson Foods (NYSE: TSN) dropping.

Visa, Semi-Conductors Lead Options Volume

Visa (NYSE: V), Kraft Foods (NYSE: KFT) busy options trading before earnings. CBOE Volatility Index (CBOE: VIX) rallies again.

Silver Tanks, Option Traders Adjust

The iShares Silver Fund (NYSE: SLV) saw heavy downside trading in the options market today.

Sirius, Citi See Heavy Options Trading

CBOE Volatility Index (CBOE: VIX) is up as uncertain market sees option volume in Sirius XM Radio (NASDAQ: SIRI), Citigroup (NYSE: C).

Telephone, Vegas Sands Send Options Higher

Options pick up volume with action in AT&T, (NYSE: T), Yahoo, (NASDAQ: YYHOO), Las Vegas Sands ((NYSE: LVS).

SPDR Industrials Up, RIMM Down in Options

Options trading moderate as Research In Motion (NASDAQ: RIMM), Microsoft (NASDAQ: MSFT) fall out.

Microsoft, Silver Top Options Volume

Options trading moderately active with earnings names include Microsoft (NASDAQ: MSFT), OfficeMax (NYSE: OMX), (NASDAQ: BIDU).

Baker Hughes, Ericsson Tops in Options

Options trading picks up after Bernanke speaks. Ericsson (NASDAQ: ERIC), Baker Hughes (NYSE: BHI) see action.

Yahoo, Microsoft Lead Options Trading

Option volume picks up with traders active in Microsoft (NASDAQ: MSFT), Yahoo (NASDAQ: YHOO) and Allied Nevada Gold (AMEX: ANV).

Silver Options Busy on Slow Day

Options trading slow but IShares Silver Fund (NYSE: SLV) trades more than 1 million contracts.

Yahoo, Baidu, SPY Spur Options Trading

Options trading volume seen in Yahoo (NASDAQ: YHOO), (NASDAQ: BIDU), and SPDR S&P 500 ETF (NYSE: SPY).

Options Wrap – Blackboard’s a Jungle

Mostly quiet options trading though Bank of America (NYSE: BAC), Blackboard (NASDAQ: BBBB), Hanesbrands ((NYSE: HBI) see some action.

Cisco Puts Hot as VIX Springs Back

A market sell off spurs activity in the options market with Cisco (NASDAQ: CSCO), and Las Vegas Sand (NYSE: LVS) leading the volume.

Some Bold Souls Buy Google Call Options

Options expiration mostly quiet except Google (NASDAQ: GOOG) slammed and options volume reaches 343,000 contracts.

Microsoft Tops Equity Options, VIX Down

Options busy today led by Microsoft (NASDAQ: MSFT), Cisco (NASDAQ: CSCO) and CBOE Volatility Index (CBOE: VIX).

Alcoa, Yahoo, Citi Lead Options Today

Options volume picks up on Alcoa (NYSE: AA), CitiGroup (NYSE: C) and Yahoo (NASDAQ: YHOO) trading. VIX falls below 17.

Options Wrap Focus on BofA, Target

Options wrap finds some bulls buying Bank of America (NYSE: BAC) calls, while bears buy target (NYSE: TGT) puts.

Tenet, Community Spat Spurs Option Volume

Options trading moderate as CBOE Volatility Index (CBOE: VIX) drops, Tenet Healthcare (NYSE: THC) sues Community Health (NYSE: CYH).

BofA Finds a Believer in Options Pits

Quiet options trading day as Bank of America (NYSE: BAC) finds a call buyer and the CBOE Volatility Index (CBOE: VIX) adds .82 to 17.93.

Citi Dominates Options Trading

Options trading slow but Citigroup (NYSE: C) easily dominates equity option trading.

Cisco Breaks Bearish Funk, Rocks Options

Options trading today dominated by Cisco Systems (NASDAQ: CSC)) and retailers The Gap (NYSE: GPS), J.C. Penney (NYSE: JCP), Urban Outfitters (NASDAQ: URBN).

Goldcorp, Silver Top Options Volume

Options volume picked up with precious metals firms Goldcorp (NYSE: GG) and Endeavour Silver Corp. (NYSE: EXK) drawing traders.

BofA, Clean Energy Top Options Activity

Quiet options trading dominated by Bank of America (NYSE: BAC), Clean Energy Fuels (NASDAQ: CLNE), and Duoyuan Global Water (NYSE: DGW).

Citi, Yahoo, Boston Sci Lead Option Wrap

Generally quiet options trading led by Citi (NYSE: C), Yahoo (NASDAQ: YHOO). CBOE Volatility Index (CBOE: VIX) trails down.

Dell, RIMM Top the Options Wrap on Dull Day

Options wrap up on slow day as Dell (NASDAQ: DELL) and Research In Motion (NASDAQ: RIMM) trade down, and Sohu.com (NASDAQ: SOHU) rises.

Options Wrap – Visa, MasterCard Charged Up

Options trading mild though MasterCard (NYSE: MA) and Visa (NYSE: V) rise as the Federal Reserve delays decision on debit card fees.

Home Depot, Chinese Net Firms Lead Options

Slow options trading is led by Home Depot (NYSE: HD) as it announces $1 billion stock buyback.

Citi, Wells Fargo Top Options Monday

Citi (NYSE: C) and Wells Fargo (NYSE: WFC) see busy options trading.

Kodak, Yahoo, SPY Spark Options Action

Options trading today active in Eastman Kodak (NYSE: EK), Yahoo (NASDAQ: YHOO) and SPDR S&P 500 (NYSE: SPY).

Apple, Citi Top Options Trading Action

Options volume picks up due to trading in Citigroup (NYSE: C), Apple Computer (NASDAQ: AAPL), Best Buy (NYSE: BBY).

Baidu Up, BofA Down in Slow Options Trading

(NASDAQ: BIDU) and Bank of America (NYSE: BAC) were volume leaders in the options markets today.

Option Traders Dig Rare Earth Molycorp

China rare earth firms like Molycorp (NYSE: MCP) provide a little action in today’s quiet options market.

Sprint Hammered, VIX Slows in Options Today

Options trading slows as Japan fears diminish, AT&T (NYSE: T) plans takeover, and Charles Schwab (NYSE: SCHW) says it will acquire OptionsXpress (NASDAQ: OXPS).

Cisco, Yen, Lorillard Lead Options Today

Your daily options trading wrap up. Sentiment Overall market action has been orderly on the Quadruple Witch options expiration Friday. With no economic news or…

ÃÛÌÒ´«Ã½ Rebounds With Strong Options Volume

Options trading very busy as broad market, Apple (NASDAQ: AAPL) rebound. Option expiration drive action in SPDR Financial ETF (NYSE: XLF).

Asian Indexes Lead Huge Options Volume

The options market saw huge volume in South Korea Index (NYSE: EWY) and iShares Japan Index (NYSE: EWJ). The CBOE Volatility Index (CBOE: VIX) rose above 27.