LSI Corp. (LSI) is seeing four times its normal trading volume on active buying in the July and October 7.5 call options. A total of 9,065 calls have traded, compared to only 1 put option. Yes, just 1 (somebody bought a January 2010 5 put). Outside of that, trading has been mostly bullish, with directional sentiment indicated by todays total volume at 94 percent bullish. Stock is up 18 cents to $6.91 on no news.
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.