Software & Computer Services
Post-earnings print in Citrix Systems deep out-of-the-money puts. The stock is off 19c to $80.39 after rallying nearly 12% to 52-week highs on earnings yesterday. On the options front, 6K Dec 62.5 puts on the virtualization software company are opened for 30c when the bid-ask was 10 to 30c. The contract is struck 22.3% below [...]
Long-term bullish flow in Microsoft after shares jump 10% post earnings. Shares at $53 this morning which is well beyond the 1 sigma move implied by yesterday’s closing straddle and early flow is notably call-heavy with 40K contracts changing hands in the first 5 minutes of the day and calls leading puts 4:1. 52.5 calls [...]
Bearish position opened in Fortinet ahead of earnings. The stock is up $1.44 and 1.2K Nov 47 calls on the security software-company are apparently being sold at 80c to buy Nov 40 – 43 put spreads for $1.15. The three-way traded 2.4K total and is opening ahead of a profit report, due after the closing [...]
Hefty blocks of short-term puts on Facebook are being opened Thursday. The stock is up $1.44 to $98.55 and 10K Weekly 96 puts on the social media company traded for 15c and then another 11.6K for 15c. Both blocks trade on ISE and are customer purchases, according to ISEE data. 36.4K traded at that line [...]
Bearish print in Proofpoint ahead of earnings. The stock is off $1.82 to $55.90 and an investor appears to be selling 1K Dec 65 calls on the internet security company at $1.20 and buys 1K Dec 50 – 55 put spreads for $1.80. The three-way opens the largest blocks of open interest in the name [...]
Impressive sweep of 20K Microsoft Nov 48 calls from $1.06 to $1.09 in just under 1 second. Buyer used a sweep router to lift offers on 20K Nov 48 calls a moment ago as shares traded at $47.27. Trade consisted of 40 executions across 11 exchanges in just under 1 second, with the ISE executing [...]
Bullish position opened in Oct 30th Weeklys on Microsoft. With shares down 33c to $47.18, the 49 – 50 call stupid is bought for 52c, 19000X. The investor is buying-to-open 19K of both the Oct 30th 49 and 50 strike calls ahead of earnings on 10/22.
Repeat action in Bazaarvoice. The stock is off 14c to $4.26 and 20K Nov 4 puts on the app software company trade at 7.5c. The flow appears seller-driven and to add to positions opened late-yesterday, which resulted in 30K of fresh open interest at that strike.
FireEye calls outpace puts more than 4:1. The stock is up 35c to $29.11 in active trading of 4.4M shares amid unconfirmed talk of a Defense Dept contract win. 2.7K Oct 29 calls on the security software company have changed hands. Nov 32, Oct 28, and Oct 30 calls are the next most actives. Total [...]
Spread trading in Solarwinds opens the largest open interest in the name. The stock is up 59c to $49.18 and the Dec 52.5 – 60, 1X2, call spread on the software company trades for $1.40, 1800X. 2.5K traded total and the flow appears to be targeting a move to $60 through mid-December. The stock saw [...]