Software & Computer Services
Twitter options volume twice normal with earnings an hour away. On pace for 400K contracts today with calls leading puts 4:3 and 61% of today’s volume in weeklys that expire this Friday. Shares near 48.60, the center of their 52wk range of 30.50 to 73.31, and today’s volume is on track for the best since [...]
FireEye Weekly (11/7) 32 calls trade 3086 contracts. With the stock up 20 cents to $31.08, the top trade is a 2000-lot for $1.70 on PHLX when bid-ask was $1.45 to $1.70. Looks like a new position and will capture a Nov 4 earnings report.
Cadence Design adds 23 cents to $17.36 and calls on the software-maker are drawing interest. 3500 Oct 18s were swept this morning for 25 cents across multiple exchanges when the market was 5 to 25 cents. 7,935 now traded against 963 in open interest. The market is now 35 to 40 cents. Separately, 2,678 Nov [...]
Yahoo sees a spike in recent trade and some players are showing interest in expiring 39.5 calls on reports Starboard issued a letter to the company’s board of directors. The stock is now up 80 cents to $39.75. A large block of puts on Yahoo was noted earlier today.
Notable block of puts in Yahoo. With the shares up 10 cents to $39.05, a 10000-lot of Weekly (10/10) 39 puts traded for 87 cents on ISE when the bid-ask was 80 to 87 cents. It’s an opening position traded firm-to-firm, according to ISEE data. The new position comes after the 7.2% drop in YHOO [...]
Additional activity in Autodesk. Interest in Oct 65 calls was noted earlier (see 13:43 color) and appears to be closing activity. Separately, a 17000-lot of Oct 57.5 calls traded on the software company for $1.15 when the market was $1.11 to $1.16. It possibly closes as well. 21,651 traded total agaisnt 26,595 in open interest. [...]
Autodesk attracts increased call activity. The stock is off $1.08 to $54.58 and a 17870-lot of Oct 65s on the software-maker trades at 19 cents when the bid-ask was 18 to 19 cents. It’s not clear if a buyer or seller initiated the trade, but it’s possible that it closes a position opened in July [...]
Citrix Systems block leads single stocks at midday. Initiator sold 20,300 Nov 65 puts for 92.5cents tied to 477K shares at $70.40 to open a large position that will nearly double the put open interest on the cloud-focused technology company. Shares staged a steady climb over the past 6 weeks, topping out near 72.75 last [...]
NQ Mobile calls surge amid deal speculation. 10K calls in the first two hours (vs 800 puts) as shares lift 12% to 6.47 on reports Benzinga that Bison Capital is interested. Implied vol spiking from 11 points to 122% and most of today’s flow is in 6.5 and 7 strike calls expiring Friday. NQ is [...]
Bullish ratio trade in China social media platform YY this morning as shares lift 3%. 3way trade on the PHLX involved a sale of the Oct 65-70 put spread (on a 2020×2530 ratio) against a buy of 630 Oct 85 calls. Net premium is near zero and the 70s may close a purchase from 9/18 [...]