Technology

Adobe Systems (ADBE) $67.70 +0.12%

Adobe call volume heavy into earnings. Nearly 40K calls trading by 2pm is 20x normal, versus 6400 puts as shares trade near flat at $67.50. Upside strikes are most active, with a buyer of the June 70-72.5 call spread in the 72c range. Straddle implies a 5% move, in line with recent median. 6 of [...]

June 17, 2014 | 0 Comments More

NQ Mobile Inc (NQ) $7.39 -0.67%

Noteworthy action in NQ Mobile. The stock is down 9 cents to $7.35 and the Dec 15 – 26 call spread on the mobile internet company is bought for 85 cents, 5000X. 10000 traded on the day and the interest in the deep out-of-the-money call spreads on NQ appears to be part of a theme. [...]

June 17, 2014 | 0 Comments More

Silicon Motion Technology Corp (SIMO) $18.95 +2.93%

Silicon Motion call volume continues recent trend. Shares near multiyear high and 200 calls traded in the opening hour, 16x normal for the chip maker. Buyers of Sep 22.5 and July 20 calls lead the activity. Call volume was heavy yesterday as well, with an opening buyer of nearly 500 July and Sep 20 calls. [...]

June 17, 2014 | 0 Comments More

Nuance Communications Inc (NUAN) $18.98 +1.17%

Noteworthy early action in Nuance. The stock is up 9 cents to $18.85 after rallying yesterday on reports the company is seeking a strategic sale. The talk continues this morning with Oppenheimer seeing the potential for a deal in the $25-30 range. 4,828 Jul 21 calls on the stock are swept at the open for [...]

June 17, 2014 | 0 Comments More

Broadcom Corp (BRCM) $38.67 +0.83%

Bullish flow in Broadcom. The flow has been in smaller lots and focused on June 38.5 and 39 calls. Total volume is 6,900 calls and 1,300 puts. The stock is up 48 cents to $38.83 and new 52-week highs after ripping up 30% in the past month. The stock gapped higher on 6/2 after the [...]

June 16, 2014 | 0 Comments More

Akamai Technologies Inc (AKAM) $60.27 +2.43%

Akamai attracts increased call activity. The stock is up $1.35 to $60.19 in relatively active trading of 855,000 shares on renewed takeover chatter, according to TheFlyonTheWall. Roughly 7,267 calls and 290 puts traded on the cloud computing company. Nearly 2,000 Jun 60 calls traded in the name. Jun 59, June 60.5, and Jul 65 calls [...]

June 16, 2014 | 0 Comments More

Fusion io Inc (FIO) $11.36 +22.41%

Fusion IO sees a flurry of early options action. The stock is up $2.09 to $11.37 after Sandisk (SNDK) made a $11.25 per share cash bid for the company. The stock is trading above the offering price and there’s also some interest in 12-strike calls on the stock, suggesting some players are possibly positioning for [...]

June 16, 2014 | 0 Comments More

Yahoo Inc (YHOO) $35.19 -4.74%

Active trading in Yahoo options. The stock is down 4.3% to $35 after updating its Alibaba filing before the bell Monday. Recent trades in the options on the internet company include a sweep of 4900 Weekly (7/3) 35.5 calls for 76 cents when the bid-ask was 68 to 76 cents. More than 5,000 traded at [...]

June 16, 2014 | 0 Comments More

NQ Mobile Inc (NQ) $7.93 +2.45%

Noteworthy spread in NQ Mobile. The stock is up 15 cents to $7.89 and the Jul 15 – 20 call spread on the mobile internet company trades for 29 cents, 3000X. Looks like and opening buyer. The Jul 13 – 16 call spread is apparently being bought as well, 3000x on the day. The stock [...]

June 13, 2014 | 0 Comments More

Apple Inc (AAPL) $91.02 -1.38%

Apple attracts a large call spread. The stock is down $1.17 to $91.12 and the Jan 95 – 110 call spread on Apple trades for $3.60, 22500X. It’s similar to an April 110 – 130 call spread that was opened in the name 10000X yesterday and seemes to be expressing a bullish view for the [...]

June 13, 2014 | 0 Comments More
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