DELL is trading up 30 cents to $14.17 and call options are busy today after the company unveiled Streak 7, a new tablet for the T-Mobile network. The top trade of the day is 1,682 Feb 15 calls at 25 cents each on ISE. It was part of a sweep of a 3,071 contracts and an opening customer buyer, according to ISEE data. Another sweep of 3,436 Feb 14 calls traded at the 77-cent asking price. Jan 14 and 15 calls are busy as well. 33,000 calls and 4,400 puts now traded. Implied volatility is up 3.5 percent to 31.5.
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.