Altera Corp (ALTR) $22.62 +1.19%
Seeing put volume picking up in some of the semi equipment companies. Altera (ALTR) is one of them. Although the ALTR June 22.5 calls are the most actives, of todays 17,470 contracts traded, most of the volume is due to a sale of 12,000 calls. Meanwhile, the June 22.5 puts are being bought and directional sentiment based on todays total ALTR volume is 74 percent bearish. Puts are also active Xilinx (XLNX), Lam Research (LRCX) and Applied Materials (AMAT).
Category: All Stocks, Mid Cap Stocks, Semiconductors
Free Newsletter
If you enjoyed this article, sign up to receive more just like it.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
