Software & Computer Services
Hefty spread in Zynga calls. With the stock flat at $2.33, the investor sells 70,000 Jan 3 calls on the online game company at 26 cents and buys 57,000 Jan 2.5 calls for 42 cents (and sold 4090 Jan 2.5 puts at 52 cents). Open interest in Jan 3 calls is 80K and the largest [...]
Active trading in Groupon calls. With the stock flat at $8.26, 2,090 Weekly (3/6) 8.5 calls on the daily deals company are swept for 13 cents and then another 2,800 traded for 14 cents. Later, 504 more printed at 20 cents. Volume at that strike is approaching 10,000 against 1,718 in open interest. The market [...]
Investors like Facebook call options Wednesday. The stock is up 93 cents to $79.38 amid strength in some of the social media names (ZNGA, LNKD) and calls on FB outpace puts more than 3:1. Roughly 208,000 calls and 61,000 puts so far. More than 27,000 Weekly (2/27) 80 and 25,000 Mar 80 calls have changed [...]
Active trading in Aruba Networks. The stock was halted for volatility and is up $1.90 to $20.28 on a talk HPQ is looking to acquire the company (unconfirmed). 5,300 calls and 400 puts traded on ARUN. 2,260 Mar 20s have changEd hands. Mar 18, Mar 19, Apr 19 calls are the next most actives.
Pre-earnings position in Catamaran. The stock is up a nickel to $53.03 and the Apr 50 – 55 bullish risk-reversal on the healthcare information technology company is bought for $1.25, 3500x. It opens the largest blocks of open interest in the name and seems to be expressing confidence in CTRX ahead of the profit report, [...]
Salesforce sees bearish pre-earnings flow. The stock is off 88 cents to $62.86 and 5,068 Mar 57.5 puts on the cloud computing company trades for 77 cents when the bid-ask was 69 to 75 cents. 7,378 have changed hands total against 2,692 in open interest. The market is now 74 to 79 cents. The company [...]
Angie’s List attracts opening call writers. The stock is off 22 cents to $6.51 and 4,490 in-the-money Apr 5 calls on the Internet company trade at $1.75 on ISE. A customer is selling calls to open a new position, according to ISEE data. It might be rolling out of Mar 7.5s, which have tarded 1,265 [...]
Microsoft Jan 35 – 50 bullish risk-reversal for a nickel, 10000X. The investor sold puts to buy calls and, with shares roughly midway between the two strikes, maybe opening a new position on the view MSFT will outperform during the remainder of 2015.
Upside call buying in healthcare information provider Cerner. The stock is up $1.09 to $70.92 and 2,180 Mar 75 calls on CERN were swept this morning for 25 cents. Then another traded for 31 cents when the bid-ask was 25 to 30 cents. 6,957 changed hands at that strike against 163 in open interest. The [...]
Opening upside call buyer as Computer Sciences Corp shares trade near multiyear high. Initiator paid 2.40 for 5000 June 70 calls on the Amex this morning as shares traded near $65.17, to open a position that is 5x the typical daily call volume in the name. Earnings last wk took shares down nearly $4 to [...]