Marvell's options indicate further upside! 0 comments
Apr 19, 2009 4:39 AM
For those who are unfamiliar with the stock, shares have nearly doubled since the November lows. The behavior on the May calls, particluarly strike 11 and 12.50, suggest that an influx of new capital. Some 4,774 contracts traded in the May 11 calls, representing four times open interest. The May 12.50 calls traded almost 5,400 contracts against open interest of 3,471. However, the magnitude of size order of the contracts averaged below 200, which indicates a retail and not an institutional interest.
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Marvell's options indicate further upside! 0 comments
For those who are unfamiliar with the stock, shares have nearly doubled since the November lows. The behavior on the May calls, particluarly strike 11 and 12.50, suggest that an influx of new capital. Some 4,774 contracts traded in the May 11 calls, representing four times open interest. The May 12.50 calls traded almost 5,400 contracts against open interest of 3,471. However, the magnitude of size order of the contracts averaged below 200, which indicates a retail and not an institutional interest.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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Market technicals: I'm accumulating both QID and DXD as the DOW and nasdaq look tired. We have not been able to surpass 10479.
Dec 23, 2009
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Amln: today's pullback is a great entry hedged by writing Jan 12.50 calls. Last week's results of Byetta far exceeded epxectations.
Dec 23, 2009
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QID: added more to my core position at 20.48. Nasdaq is topping out and is tiring.
Dec 11, 2009
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