Sun Micro (JAVA) continues to have bearish sentiment with 16,500 puts trading Monday, as compared to 6,400 calls, and implied volatility rose 14% to 56% on continued worries the EU will block Oracle’s attempted takeover, also possibly the reason for Oracle’s recent bullish call activity. The largest trade of the day was a buyer of 3,000 January $7.50 puts at the 42 cent offer. 52% of call volume was sold at the bid while 45% of put volume was bought at the offer. Shares have fallen from $9.15 to $8.30 in a weeks time, almost unheard of declines for a Company with a deal on the table.