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Tivo (TIVO, news, chart) shares rebounded from early losses and are trading up 58 cents to $8.54. The stock fell to a low of $7.60 early after the company posted better than expected quarterly earnings, but missed on revenues. In the options market, volume is running six times the usual. 8,600 TIVO puts and 2,900 calls have traded on the day. The September 7.5 puts are the most actives. 5,700 contracts have traded (with 2,300 or so in the past ten minutes). 98 percent of those puts traded on the offer. Open interest is 5,747 contracts. Another 2,337 of the October 7.5 puts have traded, with 86 percent trading offerside. Open interest in those contracts is 7,255 contract. So, today’s volume could possibly be closing trades. Nevertheless, it suggests that, despite the rebound in TIVO shares, sentiment in the options market remains bearish. The company is due to present at a Kaufman Bros. Investor Conference on September 3.