Who’s Tuning In to TIVO Call Options?

| December 7, 2012 | 0 Comments More

TIVO adds another 37 cents to $12.35 in active trading of 2.3 million shares and options on the stock are busy today. At least 17,000 calls and 2,650 puts so far. Players are tuning in to May 14 call options on TIVO, with 8,700 contracts traded against 1,249 in open interest. The flow includes a 2150-lot and a 1993-lot for 75 cents on ISE. Both are opening customer buyers. Jan 12.5 calls are the second most actives after 5,300 traded. The stock has been on a tear since earnings were reported in late-November and have rallied 21 percent since 11/28. Today’s bullish action comes the day after a Janney Mortgomery analyst said a settlement in a patent dispute against Google coming up in May could prompt a Tivo buyout by the search giant (per the Tech Trader Daily sections of Barron’s online, yesterday, titled TIVO: Time is On Their Side, Google Acquisition Conceivable — Link to story).

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Category: All Stocks, Personal & Household Goods, Small Cap Stocks

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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.