Software & Computer Services
Put seller sees weakness as opportunity. Yandex is down $2.07 to $29.77 and a 4000-lot of Jan 30 puts trades on the Russian Internet provider at $4.65 per contract on ISE. A customer sold-to-open, according to ISEE data. The stock is down and 30-day implied volatility in the options on YNDX is moving up 15% [...]
Puts on Aruba Networks attract early interest. The stock is flat at $21.44 and a 2000-lot of Mar 21s recently traded for 50 cents when the market was 35 to 50 cents. Open interest is 404. The company hosted an Anlalyst Day yesterday. March options expire at the end of next week.
Higher options volume in VirnetX. The stock is down 81 cents to $15.03 and falling to new 52-week lows. On the options front, the Jan 20 – 23 call spread is apparently being bought on the Internet company for 95 cents, 4500X. It has traded 7600X and appears to be roll down in strikes, which [...]
Put buyer likes Facebook. The stock is up 24 cents to $70.34 and a Mar 67.5 – Weekly (3/28) 67.5 put spread trades on the social media company for 55 cents, 10000X. A buyer is possibly rolling a position out two weeks (same trade as noted in today’s CRM color). If so, the March 67.5 [...]
Salesforce.com sees higher options volume. The stock is off 52 cents to $60.50 and a Mar 57.5 – Weekly (3/28) 57.5 put spread trades on the stock for 36 cents, 8662X. Looks like a roll of Mar 57.5 calls (at 44 cents) that was opened on 2/18 for roughly $1.30. Shares are down 4% since [...]
increasing put volume in Cognizant Tech. The stock dropped $1.70, or 3.3%, to $50.63 in active trading of 586K shares. Roughly 4,450 puts and 700 calls traded on the software-maker, which is double the daily average. The flow includes an early sweep of 1,129 Apr 52.5 puts for $2.40 when the market was $2.20 to [...]
Facebook sees a flurry of early options activity. The stock is up 2.7% to $71.65 in heavy trading of 7.1 million shares after UBS boosted its price target on the social media company to $90 from $72 and maintained a buy rating. Roughly 38,000 calls and 8,700 puts traded in FB options in the first [...]
Bullish flow in GOGO. The stock is up 3 cents to $24.38 in active trading of 2.6 million shares after SAC Capital disclosed a 5.1% stake in the company. Roughly 11,000 calls and 1,245 puts traded in GOGO. Investors appear to be opening in Mar 24 and Apr 23 calls on the stock and 30-day [...]
Computer Sciences with deep out-of-the-money call buying. The stock is up 84 cents to $63.42 and a sweep of 723 Mar 70s trades for 10 cents. 1121 May 65 calls also traded on CSC. Options volume is already running 4.5X the daily average.
Tibco Software sees increased call activity. The stock is up 65 cents to $22.36 and a Mar 22 – Apr 23 call spread trades on TIBX at 10 cents, 3800X. The activity might roll a position in Mar 22 calls bought that traded on the software-maker for 85 cents on 2/18. The stock is up [...]