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发表于 2010-9-14 01:31 PM
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Some option report on CREE today:
Call speculators have swarmed semiconductor concern Cree, Inc. (CREE) today, with some analysts attributing the action to another round of unsubstantiated buyout buzz. Just after midday, the stock has already seen more than 22,000 calls cross the tape – almost quintupling its predicted daily volume of fewer than 5,250 calls.
The bulk of the activity has centered on the equity's out-of-the-money September 55 call, which has seen roughly 5,400 contracts change hands. In the same vein, CREE's near-the-money September 52.50 call has seen almost 3,700 contracts exchanged, while its in-the-money September 50 call has seen close to 2,900 contracts traded. However, while the majority of the front-month calls have crossed closer to the ask price – suggesting they were likely bought – intraday volume has yet to exceed open interest, meaning we can't yet determine how much of today's activity will translate into freshly purchased bullish bets.
If the latest trends on the International Securities Exchange (ISE) are any indication, though, we should see a notable accumulation of new call open interest tomorrow. During the past 10 sessions on the ISE, CREE has racked up a call/put volume ratio of 1.48, in the 70th annual percentile. In other words, during the past couple of weeks, traders on the exchange have bought to open CREE calls over puts at a much faster pace than usual.
However, the escalating affinity for calls could be related to bears hedging their bets. More specifically, short interest on the security shot almost 64% higher during the past month, and now accounts for close to 15% of CREE's total available float. With long calls and short interest climbing in tandem, we could be looking at skeptics protecting their short positions with calls.
At last check, the shares of CREE have added 4% to hover just north of the $52 level.
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狗仔卡
发表于 2010-9-14 01:12 PM
拭目以待
