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Liz Claiborne, Inc. (LIZ) A short straddle on the owner of a portfolio of premium retail brands including Kate Spade, Juicy Couture and Lucky Brand suggests one strategist expects shares in Liz Claiborne to remain range bound through July expiration. Shares in LIZ are currently down 1.85% to stand at $6.36 as of 11:45am in New York. The investors sold 5,000 in the money put options and sold 5,000 calls at the July $7.0 strike to pocket gross premium of $1.35 per contract on the transaction. |