MIPS Technologies (MIPS) sees a spike to $6.35 and is up 93 cents to $6.14 on heavy volume of 3.3 million shares on reports the Sunnyvale, CA memory chip-maker has hired Goldman to find a buyer. Options action is heating (register to read more …) [...]

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MEMC (WFR) saw a morning rally off of 52-week lows and is up 34 cents to $3.68 in active trading of 13 million shares, which is more than double the usual. Options volume on the silicon wafer-maker is also 2.5X (register to read more …) [...]

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Intel (INTC) adds 7 cents to $27.83 and one investor apparently sells 18220 Apr 29 calls on the chipmaker for 17 cents to buy 40,000 July 31 calls for 29 cents. A separate block of 35,000 Apr 30 calls traded (register to read more …) [...]

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Sandisk (SNDK) is under fire this morning after lowering its revenue guidance due to weaker pricing and slower demand. Shares are down $4.45 to $45.60 on heavy volume of 13 million shares and trading in the options market is busy (register to read more …) [...]

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Very large five-way spread is opened in Micron Technology (MU) today. Shares are down 15 cents to $8.25 and one strategist sold 11,000 Jul 8 puts on the chipmaker at 74 cents per contract and sold 11,000 May 8 puts (register to read more …) [...]

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Micron (MU) with relative strength and high options volume today after the company agreed to expand a NAND Flash Memory joint venture with Intel. Micron shares are up 40 cents to $8.96 Tuesday and at multi-month highs after a three-day (register to read more …) [...]

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Marvell Tech (MRVL) loses 58 cents to $15.47 on earnings news and one strategist apparently sees the weakness as an opportunity — 5000 Jan 12.5 puts were sold on the chipmaker at $1 to buy 5,000 Jan 17.5 – 22.5 (register to read more …) [...]

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Trading is active in CREE today, amid strength in the space (LEDS, AIXG) Wednesday. CREE is up $1.28 to $28.56 on volume of 1.2 million shares, which compares to expected volume of 793,000. Meanwhile, 5,750 calls and 680 puts traded (register to read more …) [...]

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MIPS Technologies (MIPS) loses 10 cents to $6.41 and options volume on the Santa Clara, CA chipmaker is running 8X the daily average. 6840 puts and 630 calls traded in the name so far. The flow is concentrated in April (register to read more …) [...]

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Advanced Micro (AMD) implied volatility is moving up ahead of its earnings. The chipmaker is due to report after the closing bell today and some players in the options mart are likely bracing for a volatile move in the stock (register to read more …) [...]

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