Omnivision Technology shares are off 6.2% to $20.90 and option volume is 3x the daily average. Volume leaders are the Sep $21 & $24 calls which have each traded 2,000 contracts,(largest block was 1,800 lot) in looks like a purchase (register to read more …) [...]

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Intel (INTC) is up 40 cents to $20.96 and options action is picking up ahead of earnings. The chipmaker is due to report today after the closing bell. 111K calls and 74K puts traded so far. The tone seems somewhat (register to read more …) [...]

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Somewhat puzzling options action in AMD this week. Open interest in the chipmaker’s call options increased from 262K last Friday to 403K this morning, or 53.8 percent. The action continues Friday, with another 64K call options traded or 4X the (register to read more …) [...]

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PMC Sierra (PMCS), a Santa Clara, CA chipmaker, is off 15 cents to $7.36 and options volume is 32.5X the recent average daily, driven by apparent Nov 7.5 call writers. 13.4K traded. The top trade is 1795 on the 80 (register to read more …) [...]

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MEMC (WFR) sees notable volume in the October $12 puts and $13 calls as they trade a 3,000 and 2,000 lot blocks, respectively. According to a floor contact, puts bought and calls sold. It possibly closes out position opened on (register to read more …) [...]

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MEMC shares are off 5c to $11.50 and notable trade is the October $9 puts as 5,000 trade at the 42c ask. This appears to be a closing a position opened on 6/8 when shares were $9.95 and put traded (register to read more …) [...]

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Cirrus Logic (CRUS), which rallied 9.7 percent yesterday with help from positive comments from Mad Money’s Jim Cramer (see 6/17 color), is up another 84 cents to $17.84 today after Captone raised the price target to $23 from $18. Antoher (register to read more …) [...]

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Cirrus Logic (CRUS) is up nearly 10 percent to $17 and 7,455 calls traded in the Austin, TX chipmaker after Mad Money’s host Jim Cramer said that, at $15 per share, the stock isn’t done going higher. He had an (register to read more …) [...]

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Advanced Micro devices sees notable July put spread, as the $8/$9 trades 6,000x (largest block was 5,800) at a 58c net debit. Potentially a roll up (sell to close 8s and buy to open 9s) as shares have recovered some (register to read more …) [...]

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Rambus (RMBS) shares are down and implied volatility is easing after an appeals court ruled to re-hear patent cases in October. Shares are falling to session lows, down $2.40 to $19.50. Options action is brisk. 28K calls and 39K puts (register to read more …) [...]

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