Software & Computer Services
Microsoft draws a big put spread. The stock is off $1.38 to $41.52 and the biggest loser among 28 Dow stocks trading lower late-Wednesday (only oil names XOM and CVX are holding gains within the industrial average). In morning options trading, the Weekly (3/27) – May 44 put spread on MSFT is sold at 56 [...]
Jive Software sees an opening premium seller. With shares off 6 cents to $5.03, an 11500-lot of May 5 puts on the software company is sold at 30 cents per contract. 15,768 traded total and the action will probably open the largest block of open interest, surpassing the biggest existing position of 15,141 OI in [...]
Active trading in Yahoo Weekly calls. The stock has given up early gains and is down a nickel to $44.37. More than 9,600 Weekly (3/27) 45 calls traded on the Internet company. Weekly (3/27) 45.5, Weekly (4/2) 45, and Weekly (4/24) 46.5 calls are the next most actives in the name. Total volume is 21,000 [...]
Early call buyer in shares of Chinese website 58.com. When shares were near $48 early in the day an opening customer paid $1.45 for nearly 5000 April 50 calls. Executing firm crossed 4K and the trade, 50x average daily call volume, will open the largest block of call open interest in the name.
Relative weakness and early put flow in Fortinet. The stock is off 50 cents to $34.81 and a 1668-lot of May 36 puts on the security software-maker trades for 2.30 when the bid ask was 2.15 to 2.35. Then another 3,000 printed for 2.30. 4,730 traded total against zero in open interest. The options capture [...]
Call buyers in Salesforce.com this morning. Nearly 4K May 70 calls bought in the opening minutes as shares trade near 69.50. Appears opening and may add to flow seen in late Feb when shares were near same level.
Relative weakness and increased put activity in Yelp. Shares are off $1.82 to $45 on reports an upcoming documentary will cast the company in a negative light. Funds for the film are apparently being raised on Kickstarter (Briefing). Nearly 5,000 Apr 45 puts traded on the directory company. Mar 45 and 46 puts are the [...]
SAP sees relative strength and higher call volume. The stock is up $1.80 to $70.80 in the wake of upbeat earnings from Oracle. Early options trades on the German software company include a 4500-lot of Apr 70 calls for $1.65 when the market was 1.60 to 1.65. Nearly 9,500 traded, which is big for the [...]
Pre-earnings position is opened in Weekly (4/10) options on Oracle. The stock is up 54 cents to $42.16 and the investor buys the 40.5 – 38.5 (2X1) put ratio spread on the software-maker for 1-cent, 9300X and buys the 42.5 -44 (1X2) call ratio spread for 3 cents, 9300X. All four legs of the spread [...]
30,000 calls and 10,000 puts traded on Twitter as the stock adds a dime to $47.17. Recent options trades include a sweep of 772 expiring 47-strike calls for 40 cents when the bid-ask was 36 to 39 cents. 14,246 traded total against 3,485 in open interest. Looks like short-term call buying, as shares hit a [...]