UTStarcom (UTSI) has been grinding higher and was recently up 51 cents to $2.06. Some players are looking for additional upside in UTSI calls. Total volume is running almost 70X the average daily, with buyers of Oct 2.5, Jan10 2.5, and Feb 2.5 calls leading the flow.
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.