Acme Packet Inc (APKT) $29.37 +4.15%
Acme Packet (APKT) with relative strength and bullish order flow. The stock saw a morning spike to $29.82 and is now up $1.19 to $29.39 on increasing volume of 1.1 million shares. Meanwhile, 7,200 calls and 910 puts traded on the Bedford, MA communication equipment company, which is 2X the daily average for the name. May 35 calls on the stock are 19.1 percent OTM, expiring in 29 days, and are the most actives. 2,680 traded. Apr 30 and May 32.5 calls are seeing interest as well and 30-day ATM implied vols are up 7.5 percent to 66. No headlines on the ticker. Earnings expected the afternoon of 5/2.
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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.
