Applied Materials (AMAT, news, chart, volatility) December 11 calls are being bought. 7,500 have traded offerside. Open interest is only 31 contracts, suggesting opening call buying. The stock is down a dime to $11.14 ahead of an earnings report Wednesday after the closing bell.
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.