OCZ Technology Group Inc (OCZ) $5.73 +25.66%
OCZ Technology (OCZ) is up $1.15 to $5.71 and moving to session highs in active trading of 5.7 million shares on a Fudzilla, a hardware industry blog, report that Seagate (STX) might be interested in making a bid for the San Jose, CA data storage device-maker (Link to Reuters report). 13,000 calls and 1,820 puts traded on the stock so far, which is 3X the daily average. Speculators are showing the most interest in July 6 and August 5 calls. July 5, Sep 6, and Aug 6 calls are also actively traded and 30-day ATM vols in OCZ options jumped 34 percent, now elevated at 117.
Category: All Stocks, Small Cap Stocks, Technology Hardware & Equipment
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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.
