Rackspace Dec 33 – 40 call spread is bought for $1.475, 2000X. The position is opening and seems to be expressing a bullish view for the cloud computing company for the months ahead. The stock is up 2 cents to $29.52 today, but down 22.4% from two months ago. It was down on earnings yesterday.
Compuware Nov 9 – Feb 11 bearish risk-reversal trades for even money, 3000X. It’s opening and tied to 165K shares. The stock is up 5 cents to $9.15 and the new position seems to be expressing the view that shares of the software company will see incrased volatility in the months ahead.
Netapp with pre-earnings put activity. The stock is off 24 cents to $39.08 ahead of results, due tomorrow afternoon, and a 3,256-lot of Dec 33s on the storage device company is bought-to-open for 70 cents on ISE. 5,450 traded at that strike.
Interesting spread trade in Intel. With the stock down 19 cents to $32.83, the Oct 36 – Jan 37 call spread on the chipmaker trades at 27 cents, 45000X on ISE. Data from the all-electronic exchange suggests that the Oct 36 calls are being bought-to-close, while Jan 37 calls are sold-to-open. The rolling activity is [...]
Sizable sweep of Symantec put options. With shares up 3 cents to $24.32, 5,291 Aug 24 puts on the security software-maker are swept across multiple exchanges for 14 cents when the bid-ask was 9 to 14 cents. 8,572 traded total against 2,963 in open interest. The contract expires in a few days. SYMC reported earnigns [...]
Heavy early call volume in Twitter as shares lift 3.% to $44.70. 30K calls on tape in opening ten minutes, vs 6000 puts, with upside strikes in August leading the flow. Large block of Aug 45 calls are set to expire this Friday, 43K contracts, most of which were opened on July 29 pre-earnings when [...]
Big prints in Microsoft. With the stock down 2 cents to $43.18, the investor buys 62,200 Aug 35 calls on the software giant for $8.20 and sells 62,200 Nov 37 calls at $6.25. The spread, for $1.95, probably rolls a block of in-the-money Aug calls ahead of the expiration to a new short position in [...]
Pre-earnings positioning in CREE. The stock is up 96 cents to $50.36 ahead of results due tomorrow afternoon. An Aug 55 – Sep 57.5 call spread gtades on the LED-maker for 17.5 cents, 3830X. Looks like a roll out to September from August, and up to the 57.5 strike from the 55s. 6,200 Sep 57.5s [...]
Infosys Oct 60 puts. The stock is up 54 cents to $58.41 and 1,733 traded vs. 109 in open interest. The top trade is a 981-lot for $4.30 on ISE when the bid-ask was $4 to $4.30. Sep 60 puts on the the software company saw interest last week. Earnings were reported last month.
AMD attracts bearish spread trading. With the stock down 2 cents to $4.08, the investor sells 10,000 Jan 5.5 calls on the chipmaker at 14 cents to buy the Jan 3 – 4 put spread for 37 cents. Although open interest is sufficient to cover, the three-way, for 13 cents, is possibly being opened as [...]