Software & Computer Services

Facebook Inc (FB) $66.99 +2.48%

Facebook option flow 66% above normal as shares lift through $67. FB options are on track for half a million contracts with calls leading puts nearly 5:2. 67 strike calls expiring Friday lead the most actives, while the largest trade was a diagonal call spread in which a customer bought 6100 6/27 64.5 calls for [...]

June 24, 2014 | 0 Comments More

Rackspace Hosting Inc (RAX) $37.59 +1.18%

Relative strenth and active early trading in Rackspace. The stock is up 85 cents to $38 on increasing volume of 735,000 shares. 3,143 calls and 155 puts traded on the cloud computing company. 1,067 Weekly (6/27) 39 calls have traded. Looks like opening buying. Aug 45, Jul 40, and Dec 32 calls are the next [...]

June 24, 2014 | 0 Comments More

TIBCO Software (TIBX) $19.75 -5.14%

Tibco sees heavy trading. The stock is down $1.16 to $19.66 on volume of 7.1 million shares on the heels of the software maker’s earnings report. However, the stock is climbing off session lows after a CNBC commentator mentioned the stock could be an acquisition target for IBM or SAP. 28,000 calls and 6,700 puts [...]

June 20, 2014 | 0 Comments More

Red Hat Inc (RHT) $52.45 +0.04%

Redhat draws a pre-earnings play. The stock is up 4 cents to $52.47 and the investor is apparently selling the Jun 49 – 55 strangle on the software-maker at $1.25 and buying the July 49 – 55 strangle for $2.20, 2800X. The strategy is similar to trades seen during the heart of previous earnings reporting [...]

June 18, 2014 | 0 Comments More

Autodesk Inc (ADSK) $56.59 +3.59%

Audodesk attracts upside call buyer. The stock is up $1.88 to $56.51 after Adobe (ADBE) delivered better-than-expected earnings. 1,849 Jul 60 calls on ADSK swept for 75 cents and then 2,056 more traded for 77 cents. Volume at that strike is 10,136 against 5,060 in open interest. The market is now 68 to 70 cents.

June 18, 2014 | 0 Comments More

TIBCO Software (TIBX) $21.09 +0.14%

Pre-earnings trading in Tibco Software. The stock is up 9 cents to $21.15 and it looks like buyers are paying 40, 45, and 50 cents per contract for Aug 24 calls on TIBX. 5,690 traded againt 3,318 in open interest. The market is now 50 to 55 cents. The company is due to report tomorrow [...]

June 18, 2014 | 0 Comments More

Adobe Systems (ADBE) $67.70 +0.12%

Adobe call volume heavy into earnings. Nearly 40K calls trading by 2pm is 20x normal, versus 6400 puts as shares trade near flat at $67.50. Upside strikes are most active, with a buyer of the June 70-72.5 call spread in the 72c range. Straddle implies a 5% move, in line with recent median. 6 of [...]

June 17, 2014 | 0 Comments More

NQ Mobile Inc (NQ) $7.39 -0.67%

Noteworthy action in NQ Mobile. The stock is down 9 cents to $7.35 and the Dec 15 – 26 call spread on the mobile internet company is bought for 85 cents, 5000X. 10000 traded on the day and the interest in the deep out-of-the-money call spreads on NQ appears to be part of a theme. [...]

June 17, 2014 | 0 Comments More

Nuance Communications Inc (NUAN) $18.98 +1.17%

Noteworthy early action in Nuance. The stock is up 9 cents to $18.85 after rallying yesterday on reports the company is seeking a strategic sale. The talk continues this morning with Oppenheimer seeing the potential for a deal in the $25-30 range. 4,828 Jul 21 calls on the stock are swept at the open for [...]

June 17, 2014 | 0 Comments More

Akamai Technologies Inc (AKAM) $60.27 +2.43%

Akamai attracts increased call activity. The stock is up $1.35 to $60.19 in relatively active trading of 855,000 shares on renewed takeover chatter, according to TheFlyonTheWall. Roughly 7,267 calls and 290 puts traded on the cloud computing company. Nearly 2,000 Jun 60 calls traded in the name. Jun 59, June 60.5, and Jul 65 calls [...]

June 16, 2014 | 0 Comments More
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