Technology

Applied Materials Inc (AMAT) $22.85 +0.44%

Applied Materials attracts a hefty call spread. The stock is up 10 cents to $22.85 and new 52-week highs. The investor is apparently selling 17,000 Jan 20 calls on the chip equipment company at $3.70 and purchasing 28,000 Jan 24 calls for $1.54. The Jan 20s might close an open position, as the contract is [...]

June 23, 2014 | 0 Comments More

Micron Technology Inc (MU) $31.92 +0.22%

Pre-earnings positioning in Micron. The stock is up 9 cents to $31.94 and the Weekly (6/27) 27 – 30 (2X1) put ratio spread on the memory chip-maker is being opened for 25 cents, 7800X on ISE. The new position is possibly being opened to hedge recent gains shares, as MU is up 137% from a [...]

June 23, 2014 | 0 Comments More

Advanced Micro Devices Inc (AMD) $4.11 -5.73%

Active trading in AMD today. The stock is down 25 cents to $4.11 on increasing volume of 36 million shares. Roughly 20,000 calls and 79,000 puts traded on the chip-maker. More than 32,400 Jul 4 puts traded in the name. Jul 3.5 have traded 30,700 contracts and 30-day implied volatility in the options on the [...]

June 20, 2014 | 0 Comments More

TIBCO Software (TIBX) $19.75 -5.14%

Tibco sees heavy trading. The stock is down $1.16 to $19.66 on volume of 7.1 million shares on the heels of the software maker’s earnings report. However, the stock is climbing off session lows after a CNBC commentator mentioned the stock could be an acquisition target for IBM or SAP. 28,000 calls and 6,700 puts [...]

June 20, 2014 | 0 Comments More

BlackBerry Limited (BBRY) $9.47 +4.18%

Blackberry sees brisk trading. The stock is up 3.5% to $9.32 on volume of 17 million shares today and on a two-day 13.2% run higher after reporting earnings before the bell Thursday. An intraday spike in the stock Friday is being attributed to a positive research report from Citron Research. 45,000 calls and 11,000 puts [...]

June 20, 2014 | 0 Comments More

Cisco Systems Inc (CSCO) $24.54 -0.37%

Sizable trade in Cisco. The stock is down 8 cents to $24.55 and a 47000-lot of Jan2016 15 puts on the networking company is sold at 27 cents per contract. It’s opening. 50,000 traded on the day and the flow seems to be expressing the view that shares will likely hold above $15 through early-2016, [...]

June 19, 2014 | 0 Comments More

Altera Corp (ALTR) $34.91 +0.58%

Altera attracts a longer-term options trade. The stock is up 20 cents to $34.91 and a 5000-lot of Jan2016 25 calls on the chip equipment company trades for an average of $4.25 per contract when the bid-ask was $4.10 to $4.30. It’s opening. ALTR is up 7.5% since April and the interest in 2016 calls [...]

June 19, 2014 | 0 Comments More

Nokia Corp (NOK) $8.25 +2.61%

Noteworthy spread trade in Nokia. The stock is up 21 cents to $8.25 on news the company has commenced the repurchasing of shares and the Jul 8 – Aug 9 (1X2) call ratio spread trades on NOK for 3 cents, 40000X. The ratio spread has traded 80000X on the day and appears to be rolling [...]

June 18, 2014 | 0 Comments More

Red Hat Inc (RHT) $52.45 +0.04%

Redhat draws a pre-earnings play. The stock is up 4 cents to $52.47 and the investor is apparently selling the Jun 49 – 55 strangle on the software-maker at $1.25 and buying the July 49 – 55 strangle for $2.20, 2800X. The strategy is similar to trades seen during the heart of previous earnings reporting [...]

June 18, 2014 | 0 Comments More

Applied Materials Inc (AMAT) $22.30 -0.84%

Applied Materials call seller driving heavy volume. 20K calls trading this morning, 3x normal, with October 24 strike dominating the flow. Seller hit the $1 bid for 9500 as shares traded near $22.40 just after the open, and unloaded another 8K over the next 20 minutes at the same price. Trade history suggests the flow [...]

June 18, 2014 | 0 Comments More
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