Seagate (STX, news, chart, volatility) January 5 calls saw an increase in open interest. Shares are down 22 cents to $5.27 today and fell 71 cents the day before. Seagate shares are now at all-time lows. Some players seem to view the decline as overdone. 5,035 January 5 calls traded Tuesday, with 87 percent trading on the offer. Open interest rose by 5,022 to 5,156 contracts.
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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.