Technology
Fusion io Inc (FIO) Finds Early Call Buyers
Fusion Io (FIO) dropped to new lows of $12.75 on news another company co-founder has left the board, but has since rebounded and is up 14 cents to $13.43 in heavy trading of 2.7 million shares. Options action on the Salt Lake City data storage device-maker is heating up as well. 5,280 calls and 2,500 [...]
Spread Trade Expresses Confidence in Micron ($MU)
Micron (MU) adds another 56 cents to $13.31, new multi-year highs, and an investor sells 16000 Oct 12 calls on the stock at $2.43 to buy 18,000 Oct 14 calls for $1.41. Open interest in the Oct 12s is 57.6K and so today’s activity in the contract is possibly closing. We noted large buyers opening [...]
Blackberry (BBRY) Sees Brisk Trading
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 [...]
Intel (INTC) Sees Brisk Trading on New Product Hopes
Intel (INTC) is up 47 cents to $25.71 in active trading of 38.5 million shares, as investors react to the company’s new product offerings being displayed at Computex, which takes place in Taipei in 2013. Options on the stock are seeing a day of heavy trading as well. 176,000 calls and 112,000 puts so far. [...]
Micron (MU) Sees More Call Buying
Micron (MU) continues its climb to two-year highs and is up 44 cents to $11.67 in brisk trading of 13.4 million shares. In options action, an 8,400-lot of July 13 calls trades on the stock for 31 cents, followed by another 5,000-lot for 33 cents. More than 15,000 now traded against 9,845 in open interest. [...]
Qualcomm Inc (QCOM) $66.49 +1.30%
Qualcomm (QCOM) is up 79 cents to $66.43 and a 9,100-lot of Jun 67.5 calls trades on the stock for 62 cents per contract on ISE. A customer bought, to open, according to ISEE data. More than 14,000 traded. July 70 calls were apparently being bought on the stock yesterday, creating 12K in open interest. [...]
Corning Inc (GLW) $15.92 +3.04%
Corning (GLW) is up 3.1 percent to $15.92 and recent trades on the specialty glass-maker included a sweep of 3,347 Aug 17 calls for 32 cents per contract when the market was 30 to 31 cents. 5,116 traded against 1,853 in open interest. June 16 calls are the most active in the name, as 16,393 [...]
Cisco Systems Inc (CSCO) $24.12 +0.98%
Very heavy call volume in Cisco today, following yesterdays 12.7% post-earnings spike from 21.21 to a new 52wk high of 23.89 (a move nearly triple the straddle value). Flow today is 4x normal with Jan and June 25 calls leading the most actives with more than 50K trading of each. Flow appears to be a [...]
Fusion io Inc (FIO) $14.86 +0.20%
Fusion IO (FIO) is lifting off session lows and is now flat at $14.83 per share. 2,820 calls and 474 puts traded on the stock, including a sweep of 1,153 Jun 18 calls for 30 cents when the market was 25 to 30 cents.
Yahoo Inc (YHOO) $26.86 -1.77%
Yahoo (YHOO) is off 48 cents to $26.86 and an investor pays 37 cents for the Oct 27 – 29 (1X2) call ratio spread on the stock, 15000X, and 30 cents, for the Jan 27 – 30 (1X2) call ratio spread, 15000X. Both look to be closing positions opened early March (for 5 and 13 [...]
