Semiconductors
Micron Technology Inc (MU) $6.02 +1.18%
Micron Technology (MU) adds 7 cents to $6.02 and a Sep 6 – 7 call spread is sold on the chipmaker at 29 cents, 10000X. Open interest is sufficient to cover and so this might be a closing trade. Or, it’s possibly rolling of positions opened a week ago, when 31,788 Sep 6 calls changed [...]
Intel Corporation (INTC) $19.82 +2.06%
Intel (INTC) adds 44 cents to $19.86 and the top options trade in the chipmaker today is a 10000-contract block of Jan 16 puts, sold at 53 cents and tied to 180K shares at $19.86. It’s possibly closing and or a bet that shares will hold above $16 (~19.4%) through the January expiration. INTC is [...]
Micron Technology Inc (MU) $5.30 -6.36%
Micron shares touched new 52-week lows and are down 36 cents to $5.29 after the company’s CEO hinted at an analyst meeting today that it might take a couple more quarters before DRAM prices bottom out. Options on the chipmaker are very actively traded as shares fall. 70,000 calls and 15,000 puts in MU so [...]
OmniVision Technologies Inc (OVTI) $23.43 -1.70%
Following up the opening 10000 lot upside call stupid that Fred noted earlier (try /color OVTI to review), we see $1.3million spent on options that expire in 26 days and are currently 20 and 29% out of the money. Buyer is clearly looking at earnings, but rather than an outright bullish bet, it is possible [...]
OmniVision Technologies Inc (OVTI) $23.28 -2.31%
Omnivision Tech (OVTI) loses 60 cents to $23.23 and the Sep 28 – 30 “stupid” call spread is bought at $1.30, 10000X. Both legs of this bullish play were bought and look opening – tied to 450K shares at $23.24. Shares of the Santa Clara, CA chipmaker are down 30.3 percent in the past month [...]
Cree Inc (CREE) $30.18 +0.43%
Heavy volume in options on LED maker CREE Inc this morning as a customer on the NYSE-Arca exch bought 14850 JAN 22.5 puts for $2.07 and also bought 9900 JAN 25 puts for $2.93 against a sale of 24750 JAN 30 calls for $5.70, all vs $30.262 stock (type /block cree to see the stock [...]
Micron Technology Inc (MU) $5.42 +3.24%
Micron Technology (MU) adds 14 cents to $5.39 and early trades on the chipmaker include a Jan 7.5 – 10 call spread at 24 cents, 1450X. Looks buyer-initiated and has now traded 2500X. Open interest is sufficient to cover in both contracts and this might be a position adjustment. Or, the spread might be a [...]
Tessera Technologies Inc (TSRA) $13.29 -0.08%
Tessera Technologies is seeing heavy call volume as shares trade about 1% higher, near 13.45, with a focus on the Jan 20 calls, where nearly 2000 have traded for 35cents. ISE data shows the buyer is closing firm, likely taking gains from an 85cent opening sale made last month.
Cree Inc (CREE) $31.65 -8.89%
CREE, which saw a four-day 25.8 percent rally after earnngs were reported on Aug 9, is down $3.20 to $31.54. Shares have lost 15 percent over the past three days and now retraced 53.3 percent of the $10.46 gain recorded from 8/8 (52-week low) to 8/15. Interesting options trades in the LED maker today include [...]
Teradyne Inc (TER) $11.96 -4.09%
Teradyne (TER) loses 45 cents to $12.02 and options volume is 11X the average daily, being driven by a 15000-contract block of Jan13 $10 puts. It traded at $1.55 on ISE when the market was $1.5 to $1.8. ISEE data indicate opening activity traded B/D to B/D. Shares of the chip equipment maker are down [...]
