Technology
Texas Instruments Incorporated (TXN) $35.71 -0.12%
Texas Instruments (TXN) is up 7 cents to $35.83, new 52-week highs, and options volume on the stock is 3X the daily average, being driven by an Apr 35 – 36 put spread, bought for 39 cents, 15000X. It might roll up in strikes and seems to be expressing a short-term bearish view on the [...]
Microsoft (MSFT) Draws Massive Put Spread
Microsoft (MSFT) drops $1.38 to $28.90 after data from IDC showed worldwide PC shipments down 13.9 percent in the first quarter — LINK to story. The news is weighing on large cap names throughout the tech sector Thursday morning, including Microsoft. Shares are under pressure and recent trades on the stock include an Apr 29/30 [...]
Research In Motion Ltd (BBRY) $13.86 -5.68%
Blackberry (BBRY) drops 76 cents to $13.93 in active trading of 14 million shares on reports of a discounted Z10 at Verizon and AT&T, as well as cautious analyst commentary. Options on the stock are busy as well. 26,000 calls and 46,000 puts so far. Weekly 14.5 puts, which are now 57 cents in-the-money and [...]
Microsoft Corp (MSFT) $30.20 +1.99%
Not everyone is hopping on the Microsoft bullish bandwagon (see MSFT 10:15 color). A block of 55,000 Apr 30 puts is bought on the software giant for 51 cents per contract. It’s tied to 1.5 millino shares for $30.25. Total volume at that strike is now 71,600 against 23,503 in open interest. The company will [...]
Ciena Corporation New (CIEN) $16.18 +4.25%
Ciena (CIEN) is up 72 cents to $16.25 on increasing volume of 2.6 million shares and has now rallied 8.2 percent this week. Today’s gains might be related to the networking company’s announcement of new product orders. For whatever reason, the stock is up and options volume is 2X the daily average. 7,760 calls and [...]
What’s Up with Microsoft (MSFT)?
Microsoft (MSFT) continues to draw heavy trading in the options market. Shares are up another 1.3 percent to $30 and have rallied nearly 5 percent in the past two days. The relative strength is sending the stock to 5-month highs and comes ahead of the company’s April 18 earnings report. Trading is very active, with [...]
JDS Uniphase Corporation (JDSU) $13.30 +1.88%
JDS Uniphase (JDSU) adds 24 cents to $13.31 and early trades on the stock included a sweep of 1002 Apr 13 calls for 32 cents, then 1203 more for 34 cents, followed by 2900 for 40 cents. 4,778 now traded against 460 in open interest and the market is 53 to 55 cents. Well-timed call [...]
Microsoft Corp (MSFT) $29.55 +3.38%
Microsoft (MSFT) and Intel (INTC) are leading the Dow to a 90-point gain Tuesday. MSFT rallied 3.7 percent to $29.63 in brisk trading of 45 million shares. The move is leaving many scratching their heads, as there is no immediate news to explain the strength. Meanwhile, 160K calls and 62K puts traded in the name. [...]
Texas Instruments (TXN) Draws Unusual Trading Activity
Texas Instruments (TXN) is off 21 cents to $34.86 and May 35 puts on the chipmaker are actively traded Tuesday morning. 18,900 traded against 1,225 in open interest and the flow has been in smaller lots. The biggest trade is a sweep of 1,240 contracts for an average of $1.25 when the market was $1.20 [...]
Nuance Communications Inc (NUAN) $20.93 +3.28%
Nuance (NUAN) adds 74 cents to $21.01 in brisk trading of 3.6 million shares on unconfirmed chatter that the Burlington, MA app software developer has hired advisors to explore strategic alternatives — Briefing. Call volume is outpacing put activity in NUAN by a ratio of ten-to-one. 16,000 calls and 1,550 puts so far. Players are [...]
