The Treasury Department approved Invesco Ltd. and the TCW Group Inc. to begin purchasing toxic assets from banks.
Options traders created a "Long Strangle" position in Invesco by purchasing the January 2010 $25 Calls along with the $22.50 Puts.
The "Long Strangle" is a strategy designed to limit an investor's risk while profiting from major moves in either direction.
Overall Invesco options trading volume was up significantly on Friday. The
MOB Index Volume Level for Invesco Puts (IVZ_PUT_MI) closed the day at 50,515 over 500 times normal levels. While the volume level for Invesco Calls
(IVZ_CALL_MI) closed the day at 19,537 almost 200 times normal levels.
MOB Index IVZ Put/Call Ratio for Friday was 2.59.
| MOB Index Name |
Company |
MI Value |
MI Put/Call Ratio |
| IVZ_PUT_MI |
Invesco, Ltd. |
50,515 |
2.59 |
| IVZ_CALL_MI |
Invesco, Ltd. |
19,537 |
|