Semiconductors
SanDisk Corp (SNDK) $36.01 -0.72%
Sandisk (SNDK) loses 50 cents to $35.77 in early action Wednesday and the top options trade on the stock is a 3184-lot of Jul 37 calls for $1.41 on ISE. An investor bought, to open, 3430 contracts, according to ISEE. More than 6,000 now traded across all the exchnages. Wekly 36, July 39, July 40 [...]
LSI Corporation (LSI) $6.50 +1.64%
LSI adds a dime to $6.50 on relatively light volume of 6.8 million shares, but options activity is running 3X the daily average, being driven by afternoon sweeps of Oct 7 calls for 45 and 50 cents. 5849 traded and, while open interest is sufficient to cover, ISEE hints at opening buyers. 30-day ATM vols [...]
Intel Corporation (INTC) $27.52 +0.66%
Intel (INTC) adds 21 cents to $27.55 and is one of 11 Dow stocks holding gains through the first thirty minutes of trading Monday. Recent trades on the chipmaker include an Aug 23 – 26 (2X1) put ratio spread for 34 cents, 10000X on PHLX. It’s possibly a short-term hedge, with a max payout if [...]
Applied Materials Inc (AMAT) $10.97 +1.76%
Applied Materials (AMAT) adds 19 cents to $10.97 and one investor bought 60,500 Jul 12 calls on the chip equipment-maker for 7.5 cents per contract. 72,700 traded and the flow likely closes positions opened in mid-Jan when 72,500 were sold at 78 cents against a position in 3.33 million shares (see 1/10 color). The stock [...]
Intel Corporation (INTC) $27.10 +0.44%
Intel (INTC) adds 9 cents to $27.07 and is one of 26 Dow stocks holding gains in the early minutes of trading on expiration Friday. Noteworthy trades on the chipmaker include a Jun – July 29 put spread for 23 cents, 21890X, and probably rolls a position opened in early-May (which was rolling out of [...]
Maxim Integrated Products Inc (MXIM) $25.80 -1.60%
Maxim Integrated Products (MXIM) is off 45 cents to $25.77 and increased put buying is accompanying the relative weakness in the chipmaker. Total volume is 7,180 puts and 1,050 calls and the flow includes a multi-exchange sweep of 3,000 Jul 27 puts for $1.55 when the market was $1.30 to $1.55. More than 5,000 now [...]
Rambus Inc (RMBS) $5.41 +11.32%
Implied volatility in Rambus (RMBS) is up amid increasing volume in the chipmaker today. RMBS is up 54 cents to $5.40 on volume of 2 million shares. By way of comparison, typical volume through midday is about 450K. Options volume is running 6X the daily average. 6,930 calls and 3,800 puts so far. August 6 [...]
SanDisk Corp (SNDK) $36.29 +4.82%
Sandisk (SNDK) is up $1.67 to $36.29 in active trading of 3.7 million shares heading into an annual shareholder meeting, which begins right about now. Options on the chipmaker are busy. 17,000 calls and 5,445 puts. Players are showing the most interest in Jun 36 and 37 calls. 30-day ATM vols are easing 1 percent [...]
Texas Instruments Incorporated (TXN) $28.08 -1.54%
Bearish flow is detected in Texas Instruments (TXN) ahead of this afternoon’s mid-quarter update. 10,000 puts and 1,550 calls traded on the chipmaker. Shares are down 42 cents to $28.1 on relatively light volume of 4.4 million (6.75 million shares is the expected). Meanwhlie, the options flow has been in smaller lots and includes a [...]
Intel Corporation (INTC) $25.08 -0.24%
Intel (INTC) is down 15 cents to $24.99 and one of 16 Dow stocks trading lower, as trading has turned mixed late-Monday. One player in the options market seems to be thowing in the towel on hopes for a rally in the chipmaker and sold 43,000 August 28 calls on Intel at 23 cents per [...]
