Seeing early put buying in Xilinx (XLNX, news, chart). Shares are trading down 66 cents to $26.62 ahead of an analyst meeting today. 5,325 puts have already traded, compared to just 375 call options. The January 15 puts (gulp) are the most actives, with 5,000 contracts traded and 100 percent hitting offerside. Another 2,187 of the September 27.5s traded, with 97 pecent trading on the offer. Directional sentiement based on today’s early order flow is 94 percent bearish. No other news on the day. Earnings due out July 16.
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.