Biggest Bullish Activity 3.22.2013

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Bull Calls Puts SpreadsPaper bought 1008 NU July 45 Calls for $.25 (30.6 times usual volume) when stock was trading $42.70
Paper bought 1800 INT Aug 45 Calls for $1 (14.9 times usual volume) when stock was trading $39.96
Paper bought 2500 LVLT Jan 2014 20 Calls for $3.10 (2.7 times usual volume) when stock was trading $30.08
Paper bought 1000 HWD May 17.5 Calls for $.50 (5.0 times usual volume) when stock was trading $16.82
Paper bought 1000 QSII April 20 Calls for $.15 (23.4 times usual volume) when stock trading $18.15

 

Biggest Bearish Activity 3.22.2013

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Bears Bear Market RagePaper bought 1415 TXI July 60 Puts for $3.70 (2.9 times usual volume) when stock was trading $65.77
Paper bought 1400 SGI April 15 (15.6 times usual volume) when stock was trading $14.79
Paper bought 958 XCO Sep 8 Puts for $1.20 when stock was trading $7.68
Paper bought 1132 ILMN April 50 Puts (3.3 times usual volume) when stock was trading $53.32
Paper bought 700 CYT May 75 Puts for $2.50 (6.6 times usual volume) when stock was trading $76.73

Unusual Options Activity 3.22.2013

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Charts Earnings Vix FuturesPaper bought 2000 EGO July 10 Calls for $.775 (19.3 times usual volume) when stock was trading $9.74
Paper bought 1668 STX 3.28.2013 Weekly 36 Calls for $.09 when stock was trading $34.21
Paper bought 15,500 SU May 32 Calls for $.35 (3.9 times usual volume) when stock was trading $30.22
Paper sold COP 5000 March weekly 60 Calls and bought 10,000 April 62.5 Calls for $.45 (4.6 times usual volume) when stock was trading $60.91
Paper bought 700 CS April 28 Calls for $.45 when stock was trading $27.15

MU & TIBX Post Earnings Analysis (MU, TIBX, QQQ) 3.22.2013

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Tibco Software (TIBX) shares are crashing back down to earth today as the cloud company saw Q1 earnings fall 54%. The firm said that execution problems were mainly to blame. This is coming off the back of ORCL yesterday blaming their sales force for their respective miss.  TIBX shares are roughly down 17% today as a result of the news.

From the prospective of technicals, $18.55 is a level of interest. This support area has been the bottom of two recent lows and may prove again to be an area where buyers come in. Wedbush maintained an outperform on TIBX, but lowered its PT to $25.

salerno.mark.a@gmail.com

mark 3.22