Omnivision (OVTI), which saw activity yesterday on a Digitimes report that the company possibly secured a deal for next generation iPhones and iPads (see 5/29 color), is seeing active trading again today. The stock is down 15 cents to $15.24 on volume of 1.8 million shares. Typical volume at midday is 1.4 million. Meanwhile, 7,390 calls and 1,475 puts traded in the name. Sep 19 calls are the most actives. 2,020 traded (64 percent Ask). Jun 15, 16, 17 and 18 calls are also among the most actives and 30-day ATM vols are up 8 pecent to 87.5 ahead of earnings, due out after the closing bell tomorrow.
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.