Xilinx (XLNX, news, chart) is seeing exremely bearish order flow for a second day. Yesterday, we noticed increasing volume in the January 15 and September 27.5 puts. Today, shares are down $1.09 to $24.98 and the put buying continues. A total of 13,000 puts has traded, compared to 3,650 calls. Today, the September 25 puts are the most actives, with 8,971 contracts traded and 95 percent hitting askside. 1,595 of the September 22.5s traded, with 96 percent trading askside. Directional sentiment based on today’s total order flow in XLNX is 85 percent bearish. No news on the stock. Earnings due out July 16.
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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.