Tibco Software (TIBX) adds 8 cents to $26.22 and 1,850 calls (only 2 puts) traded in the software maker amid renewed takeover speculation (Briefing). Jun 26 calls are the most actives 981 traded against 44 contracts in open interest. June 27 and 28 calls, which expire in 10 days, are seeing interest as well.
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.