Software & Computer Services
Active trading in Microsoft as shares try to recover some losses. MSFT is up 17 cents to $41.36 today, but down 11.9% since earnings were reported Monday afternoon. Trading in the options market has been active throughout the week and the action continues today. 128,000 calls and 70,000 puts. The top trade is a buyerof [...]
15000-lot of Feb 17 puts on Cadence Design appears to be a closing buyer. The stock is off 27 cents to $17.85 and 35 cents is apparently being paid to cover a position opened in Sep at 65 cents when the Feb 17 – 18 (3X2) put ratio spread on the software maker was opened [...]
Unuusual trade in Southcross Energy. Shares are up 42 cents to $12.68 after the company released preliminary Q4 operation results and an investor sells 3,500 Mar 25 puts on the gas utility at $13.15 per contract. It will open the largest block of open interest in the name and seems to be expressing a bullish [...]
Facebook bulls driving heavy call volume into earnings. Shares up 1.4% on the heels of Apple’s blowout and the weekly straddle implies a move near 7% tonight, in line with the average of the past 4 releases (2up, 2 down), while option volume today is focused in upside strikes- particularly weekly 1/30 80 calls and [...]
Salesforce sees higher call volume. The stock saw a spike to $58.19 earlier this morning on activist investor chatter (according to Briefing). The gains didn’t stick, however, and CRM is now down 1.3% to $57.04 in active trading of 1.4 million shares. 11,000 calls and 1,570 puts traded in the name. Weekly (1/30) 59 calls [...]
Put selling continues in Jive Software. With the stock down a nickel to $5.78, a 10000-lot of Mar 5 puts on JIVE is sold at 15 cents per contract. It appears to repeat from yesterday and last week (see 1/26 color).
Opening action in Yelp Weekly (1/30) 57.5 calls. The stock is off 10 cents to $55.31 and a 2530-lot trades for 35 cents on ISE. A customer bought-to-open, according to ISEE data. 7,221 YELP Weekly (1/30) 57.5 calls traded total vs. 138 in open interest. The market is now 50 to 60 cents. The contract [...]
Yahoo attracts options action ahead of earnings. The stock is down $1.15 to $48.29 and a 17880-lot of Feb 60 calls on the Internet company trades for 15 cents when the market was 12 to 15 cents. A buyer is possibly closing some positions opened in early-December when Feb 45 puts were being sold to [...]
Another big print in Microsoft. The stock is now off 9% to $42.78 and a 41,280-lot of Feb 43 calls on the software-maker is bought-to-close for 68 cents per contract on ISE. It probably offsets some positions opened on 11/17 when the stock was near $49.50 and 125,000 Feb 43 calls on MSFT were sold-to-open [...]
Another bullish play in Microsoft. The stock is now off 9.8% to $42.40 and the Jan2016 35 – 50 risk-reversal on the software giant trades at 41 cents, 20000X. The investor sold puts to buy calls and is possibly closing. May 42 – 49 call spreads on MSFT saw interest earlier (see 10:32 color).