Software & Computer Services
Early Birds Like Baidu (BIDU) Call Options
Baidu (BIDU) sees early call buying Wednesday. Shares of the Chinese Internet company are up 99 cents to $90.29 and making a move above an 50-day moving average, on no news. Meanwhile, Weekly 92.5 calls, which expire 5/24, are the most active in BIDU. 2,195 traded against 1,706 in open interest. May 92.5 and Weekly [...]
Yikes! EBIX Vol Spike..
EBIX drops $1 to $19.60 on heavy volume of 3 million shares on unconfirmed talk the company is being probed related to accounting practices — LINK TO STORY. The stock, which was up yesterday on reports Goldman is buying the Atlanta-based business software company for $20 per share, is under fire and options volume is [...]
Angies List (ANGI) Gets Dissed
Options on Angie’s List (ANGI) remain actively traded. As noted Monday, open interest in puts on the consumer service directory company has been building in recent days (see 4/29 color – LINK) amid defensive positioning. Today, the stock is down $1.15 to $23.09 on the heels of a negative Citron Research note, saying it is [...]
SINA com (SINA) Sees Call Spread Trading
SINA rallies $6.90 to $57.20 after announcing a strategic ecommerce partnership with Alibaba. Options on the stock are busy as well, being led by a Sep 70 – 85 call spread on SINA for $1.80, 2000X on ISE. A customer bought the spread, to open, according to ISEE data. 3,000 now traded on the day.
Call Buyers, as Zynga Zips Higher
Zynga (ZNGA) is up 20 cents to $3.33 and has erased neary all of the post-earnings loss suffered the day before. Options on the San Francisco, CA social media company remain busy as well. Recent trades include a sweep of 800 Weekly 3 calls (expiring 5/3) for 34 cents when the market was 30 to [...]
Informatica Corporation (INFA) $32.17 +3.27%
Informatica (INFA) is up $1.03 to $32.19 and a 3500-lot of May 35 puts is sold on the Redwood City, CA software developer at $3.40 per contract. It might cover a position opened on 3/21 when the same contract was apparently being bought for $2.05 to $2.10. Meanwhle, smaller lots of May 30 puts have [...]
Fortinet Inc (FTNT) $17.82 +0.22%
Fortinet (FTNT) adds 17 cents to $17.95 and a sweep of 3,000 Sep 20 calls for $1.50 per contract printed less than 10 minutes ago. It appears to be an opening call buyer. There’s some interest in companies that make security software this afternoon (SYMC, CHKP, FIRE) on reports an AP twitter account had been [...]
Oracle Corp (ORCL) $32.35 -0.06%
Oracle (ORCL) drops 3 cents to $32.34 and a Jun 29 – 35 risk-reversal trades on the stock at even money, 6600X. More than 11K traded on the day and might cover positions opened on 3/22, when one player paid 1 cent to sell Jun 29 puts, buy June 35 calls on ORCL, 11000X, to [...]
Nuance Communications Inc (NUAN) $20.85 +2.26%
Nuance (NUAN) is up 47 cents to $20.86 in active trading of 970K shares and options on the Bedford, MA application software company are busy early Monday. 5,650 calls and 375 puts so far. May 23 calls are the most active. 2,190 traded. May 19, 20, 21 and 22 calls are also seeing interest and [...]
Busy Day for Facebook (FB) Options
US Option markets are on track for 20.7 million contracts, which won’t quite break yesterday’s YTD record of 23.65Million contracts, which broke Monday’s 23.2M YTD record. ETF option volume is 41% above recent avg, single stocks 31% above normal, and indexes 15% above normal. AAPL is back in first place after falling behind INTC, S, [...]
