Brisk trading in the call options on Blackberry (BBRY) Friday morning. The stock is up 25 cents to $14.77 on increasing volume of 5.5 million shares and has rallied 8.3 percent in the past two days after being upgraded at Societe Generale. 26,000 calls and 7,000 puts already traded in the options on the mobile device-maker. Weekly 15 calls expiring today, are the most active. 8,570 traded. The contract is 23 cents out-of-the-money. Weekly 14.5, Jun 15, and July 15 calls are the next most actives, with a mix of buyers and seller driving the flow in BBRY early-Friday.
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.