Software & Computer Services
Nov 50 calls on Microsoft doubled in the first hour of trading Monday. 8,820 contracts were swept shortly after the opening bell for 10 cents across multiple exchanges when the market was 8 to 10 cents. Then a bunch more traded for 16 and 17 cents. Volume at that strike is now 44,000 against 7,135 [...]
Early sweeps of Tableau Software Nov 90 calls. With shares down 12 cents to $84.71 per share, 1,910 contracts are swept across multiple exchanges for 55 cents when the bid-ask was 25 to 55 cents. 2,363 traded total and the activity appears to be opening. It seems to be adding to bullish flow in DATA [...]
Red Hat options volume is 20X the daily average, driven by spread trading. The Dec 65 – Jan 62.5 cs on the software-maker trades at $1.60, 11275X. It appears the investor is buying-to-open Dec 65 calls for $1.35 and selling-to-close Jan 62.5 calls at $2.95, which were opened in Sept – Oct and included an [...]
Active trading in Akamai today. The stock is up 78 cents to $61.23 on increasing volume of 667,000 shares and nearly 9,000 calls traded on the cloud services company (vs. 290 puts). More than 2,000 expiring Weekly 61.5s have changed hands. Nov 59.5, 61.5, and 62.5 calls are the next most actives. There is chatter [...]
Twitter shares are perking up now that the company’s Investor Day is underway. The stock is up 86 cents to $40.45 on relatively light volume of 12.6 million shares. 75K calls and 24K puts traded in the name, being led by 5,422 Jan2016 90 calls, which appears to be closing buying. The contract is 123% [...]
Fortinet Nov 27 – 29 call spread is sold at 50 cents, 15000X. With shares off 2 cents to $27.14 today, it appears to close a position opened for 49 cents, 15000X on 10/21 (tied to stock at 25.30).
Yahoo options are drawing interest. In afternoon trading yesterday, an 18000-lot of Nov 51 calls on the internet company was appparently bought for 26 cents per contract (tied to 250K shares) and the activity created nearly 11K of new open interest that that strike, which is 3.5% out-of-the-money and expiring at the end of next [...]
Tableau Software call buyer lifts 2000 Nov 85 call. Paid 2.15 for 2000 Nov 85c as shares traded 82.69 this morning. Creates what will be the largest block of open interest in the ‘big data’ analytics provider that has seen a wide trading range this year.
Microsoft moves to new highs amid increased put activity. The stock is up 48 cents to $48.34 and an investor sells the Dec 40 – 45 put spread on the software-maker at 20 cents, 10000X, and purchases the Feb 42 – 47 put spread for $1.2, 10000X. The four-way has traded 20000X on the day [...]
Audodesk attracts a deep out-of-the-money call buyer. With the stock up 9 cents to $57.63, a 20000-lot of Jan 70 calls on the software-maker is bought for 45 cents per contract. It opens and might be stock replacement. The investor also sold 240K shares at $57.83. The position is being opened a week after the [...]