JDS Uniphase Corporation (JDSU) $10.04 +0.00%

| August 27, 2008 More

JDS Uniphase (JDSU, news, chart) saw bullish order flow Tuesday. Shares, which gapped down from $11.90 to $10.27 on earnings last week, traded up 3 cents to $10.04. Some players in the options market seem to be looking for a more significant rally before yearend. Heavy trading was seen in the January 15 calls, where 4,600 contracts traded and 99 percent of that volume traded askside. Open interest in that contract increased by 3,528 contracts, suggesting some opening buy orders were seen in JDSU Tuesday.

Category: All Stocks, Mid Cap Stocks, Technology Hardware & Equipment

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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.

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