Big position opened in Corning calls ahead of earnings, tomorrow morning. The stock is off 17 cents to $22.35 and the May 22.5 – 24 (1X2) call ratio spread on the glass-maker is bought for 32 cents, 10000X. The new position is tied to stock and seems to be targeting a move to $24 per [...]
Applied Materials sees heavy trading as shares drop 8.3%. The stock is down to $20 and options volume is running 3X the daily average on news it has terminated a business combination agreement with Tokyo Electron.. 122,000 calls and 30,000 puts traded on AMAT so far. One player bought a 50,300-lot of May 25 calls [...]
Active trading in Marvell Tech options. The stock is down 30 cents to $14.23 amid weakness in the chip sector and an investor buys a 10000-lot of May 14.5 calls on the semiconductor company for 32 cents per contract. It might be stock replacement as the calls are tied to a hefty block of 500K [...]
Expiring Apple 130 calls are the most active options today. Nearly 90,000 traded. The stock is up up 33 cents to $130 and so pinning is playing out at that line. Weekly (4/24) 129 calls, 131 calls, 130 puts, and 129 puts are the next most actives in AAPL. Of the 853K options traded in [...]
Aruba Networks Oct 24 puts trade 8,900 contracts vs. 1,642 in open interest. Looks like a dime is being paid to maybe hedge stock. H-P struck a deal to buy ARUN in late-Feb.
Second day of bearish flow in Integrated Device Tech. Jun 21, Jun 21, May 19 puts on the 35-year old semiconductor company saw opening activity yesterday (see 4/23 color). Shares are off 43 cents to $19.26 and smaller lots of Jun 20 puts on IDTI trade for $1.90, $1.95 and $2 before 3,348 contracts are [...]
Bullish early options flow in Nuance Comm. The stock is up 27 cents to $15.24 and 1872 Jul 16 calls on the app software company trades for 65 cents when the bid ask was 55 to 65 cents. 9,220 traded at that strike against 1,763 in open interest. The market is now 70 to 75 [...]
Sizable trade in Taiwan Semi. With the stock up 62 cents to $24.92, a 10000-lot of July 25 puts on TSM is bought for $1.50 per contract. It opens and is maybe a hedging strategy against a position in shares.
Higher options volume in VASCO Data Security. The stock is up 65 cents to $25.76 and smaller lots of Jun 35 calls on the security software company are swept across multiple exchanges in morning trading for 45, 50 and 55 cents. 4,194 traded at that strike against 2,401 in open interest. May and Jun 30 [...]
Integrated Device Tech sees bearish flow. The stock is off $1.04 to $19.60 amid weakness in the tech sector after Texas Instruments missed on earnings. A 5000-lot of Jun 20 puts on IDTI is bought for $1.55 per conrtract in early trading. 8,860 traded at that strike against zero open interet. 2,480 Jun 21 puts [...]