Seagate Technology (STX, news, chart, volatility) order flow is directionally bullish after 7,700 calls and 293 puts traded. Recent trades include a multi-exchange sweep of 7,263 March 5 calls for 80 cents. Shares are up 14 cents to $4.59 and making a run to session highs.
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.