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.
Fortinet March 26 calls have traded 5,466 contracts. The stock is up 25 cents to $25.69 and the top trade is a 2,000-lot for $2.20 on ISE. A customer bought-to-open, according to ISEE data. Bullish flow in FTNT comes two days after the security software-maker reported earnings.
Citrix Systems sees a sizable options trade. The stock is up 97 cents to $62.81 after losing 4.5% on earnings yesterday. On the options front, a 25000-lot of Nov 65 puts on the software company is being opened for $3.30 when the market was $3.10 to $3.30. It’s tied to 1.875 million shares and the [...]
Big spike in Digital River motivates increased call activity. The stock is up $8.16 to $25.54 on reports the company is being acquired by an investor led group for $26 per share in cash. Nov 18 calls are the most actives in the name. 5,397 traded and it appears that investors are liquidating positions. The [...]
Repeat call activity in King Entertainment. The stock is up 2 cents to $11.30 and the top trade on the game-maker company is a sweep of 1,124 Nov 12.54 calls for 60 cents when the bid-ask was 45 to 60 cents. Yesterday’s activity (see 10/22 color) created 3,194 contracts of new open interest at that [...]
Call buying in King Entertainment. With the stock off a nickel to $11.39, 2,447 Nov 12.54 calls on the entertainment company are swept across multiple exchanges for 60 cents when the bid-ask was 50 to 60 cents. A customer bought-to-open, according to ISEE data. 3,264 changed hands total. The flow will open one of the [...]
Calls dominate Yahoo options trading with earnings about an hour away. Shares up nearly 2% at 40.06 and 230K calls have traded by 3pm ET, vs 95K puts, with 32% of the flow involving weeklys that expire this Friday. 40 strike straddle is trading near 5.8% of spot, suggesting a move in line with last [...]
Facebook options draw interest at the open Monday. Shares are up 42 cents to $76.32 in active trading of 5.8 million shares and 42,000 options already traded on the social media company. The ten most actives are in Weekly (10/24) options and, indeed, 70% of the flow is in the options that expire this week. [...]
Oracle attracts a three-way spread. With shares off 17 cents to $37.39, an investor is apparently selling Dec 38 puts on the software-maker at $1.71 to buy the Mar 31 – 35 put spread for 88 cents, 5082X. The March spread is opening and the Dec options might close. So the flow is possibly rolling [...]