Verigy Ltd (VRGY) $10.09 -10.31%

| July 9, 2009 | 0 Comments More

Verigy (VRGY), a Singapore-based semiconductor company, is down $1.14 to $10.11 after lowering earnings guidance and announcing plas to offer $110 mln in convertible notes. Shares are down, volume and volatility are up. Total options volume is running 23X the usual, with buyers of July 10 puts leading the flow. Implied volatility moving up to 61, from about 57 the day before.

Category: All Stocks, Semiconductors, Small Cap Stocks

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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.

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