Paper bought 1000 LGF June 24 Calls for $.775 when stock was trading $22.62
Paper bought 2151 AEO May 20 Calls for $.425 (2.5 times usual volume) when stock was trading $18.85
Paper sold 1178 FB Jan 2014 25 Puts for $3.25 when stock was trading $25.14
Paper bought 3169 DNDN and Sold 3169 DNDN Aug 4 Puts for $.02 credit when stock was trading $4.76
Paper bought 7000 GOL April 7.5 Straddles for $1.75 (7.8 times usual volume) when stock was trading $5.87

Despite its current challenges with approval the companies potential future growth outweigh the current risk. 

Paper is short 70,000 DNDN Aug 5 Puts for $0.72.  These Puts are worth $.98, so that trader has paper losses of:

70,000 * 100 * (-0.26)= $1.82 Million in losses, however, the trade is not over yet.

My Trade: Buying the DNDN Aug 5 Calls for $0.72
Risk: $72 per a lot
Reward: Unlimited
Breakeven: $5.72

Greeks of this Trade:
Delta: Long
Gamma: Long
Vega: Long
Theta: Short

—
Andrew Keene
President/Founder
Andrew@KeeneOnTheMarket.com

salerno.mark.a@gmail.com

Paper 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

Paper 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

Paper 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

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