Akamai (AKAM, news, chart, volatility) options volume is running two times the usual, with 11,000 calls and 200 puts traded. The December 12.5 calls are the most actives. Almost 10,000 have traded. The volume includes a block of 8,900 contracts traded for 55 cents (bid-ask spread was 55 to 66 cents at the time). With open interest of 1,768, it appears to be opening call write, perhaps against shares. AKAM is up 19 cents to $11.44.
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.