Technology Hardware & Equipment
Blackberry (BBRY) Attracts Early Call Buyers
Blackberry (BBRY) adds 49 cents to $16.1 in active trading of 3.4 million shares and options action is picking up in the mobile device-maker Tuesday morning. 14,000 calls and 3,665 puts so far. Weekly 16 and 16.5 calls, expiring 5/3, are the most actives. May 16, Weekly 14, and Jun 15 calls also seeing some [...]
NetApp Inc (NTAP) $34.12 +3.43%
NetApp (NTAP) is up $1.13 to $34.12 and a 3800-lot of May 36 calls trades on the stock for 83 cents per contract on ISE. A customer bought, to open, 4400 total on ISE and total volume is approaching 6,000. Jun 36 calls on NTAP are also seeing interest. The top trade is 4900 contracts [...]
Nokia Corp (NOK) $3.15 +2.61%
Nokia (NOK) is up 10 cents to $3.17 and an 11,625-lot of May 3.5 puts trades on the stock at 34 cent per contract. It might be a liquidating trade after the stock fell 14.2 percent Thursday and Friday in the wake of the company’s earnings report. 22,754 now traded against 52,944 in open interest. [...]
Pitney Bowes Inc (PBI) $14.41 +1.19%
Heavy put volume in Pitney Bowes heading into the close. 10K May 12 puts bought for 15c, 5K May 13 puts. May replace some expiring April puts, but appears to be a significant protective position head of earnings, expected at the end of the month.
Apple Inc (AAPL) $401.20 -5.87%
Option markets are on track to trade 24.2million contracts today, a 2013 record and the best volume day in nearly 6 months as broad averages give back most of yesterday’s bounce. Implied vols are broadly higher with CBOE VIX up more than 2pts to 16.5 after touching a brief high near 18 at 11am. Among [...]
Logitech International SA (LOGI) $7.30 +4.14%
Logitech (LOGI) is up 33 cents to $7.34 and making a decisive move above its 50-day moving average today in relatively active trading of a half million shares. Options on the stock are seeing increasing volume as well. More than 6,800 traded, compared to a daily average volume of about 30 contracts. What?!? The top [...]
Xerox Corp (XRX) $9.30 +3.76%
Xerox (XRX) is up 33 cents to $9.29 in brisk trading of 11.5 million shares after Piper Jaffray initiated the stock with an OverWeight rating. 11,000 calls and 2,170 puts traded in XRX so far, which is 4X the daily average. The bulk of the call activity is in Apr 9, May 9 and May [...]
Research In Motion Ltd (BBRY) $13.86 -5.68%
Blackberry (BBRY) drops 76 cents to $13.93 in active trading of 14 million shares on reports of a discounted Z10 at Verizon and AT&T, as well as cautious analyst commentary. Options on the stock are busy as well. 26,000 calls and 46,000 puts so far. Weekly 14.5 puts, which are now 57 cents in-the-money and [...]
Ciena Corporation New (CIEN) $16.18 +4.25%
Ciena (CIEN) is up 72 cents to $16.25 on increasing volume of 2.6 million shares and has now rallied 8.2 percent this week. Today’s gains might be related to the networking company’s announcement of new product orders. For whatever reason, the stock is up and options volume is 2X the daily average. 7,760 calls and [...]
JDS Uniphase Corporation (JDSU) $13.30 +1.88%
JDS Uniphase (JDSU) adds 24 cents to $13.31 and early trades on the stock included a sweep of 1002 Apr 13 calls for 32 cents, then 1203 more for 34 cents, followed by 2900 for 40 cents. 4,778 now traded against 460 in open interest and the market is 53 to 55 cents. Well-timed call [...]
