Cypress Semi (CY) adds 51 cents to $22.28 and the in-the-money Jun 21 calls are seeing interest today. The top trade — a 500-contract lot at $1.30 on ISE — is an opening buyer, according to ISEE data. It was part of a multi-exchange sweep of 2,071. Volume is now 9,326 against open interest of 2,045. No recent news on the chipmaker. The company presents at a Cowen Tech, Media, Telecom conference on Jun 1.
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.