Unusual Options Activity
Applied Materials (AMAT)- The July $25/$30 bull call spread was put on 5,373 times for a $0.77 debit. Volume was below the open interest in both options. The company has a pending merger with Tokyo Electron that will be headquartered in the Netherlands (tax inversion, synergies).
Idera Pharmaceuticals (IDRA)- 2,500 Apr $3.50 calls were purchased for $0.35. Call activity was 4x the average daily volume. They were granted orphan drug designation for IMO-8400 yesterday. IMO-8400 is for the treatment of diffuse large B-cell lymphoma.
Intel (INTC)- Over 8,000 Apr 10 weekly $32 calls were bought for $0.14, against open interest of 5,957 contracts. Today, they announced their annual shareholder meeting will be on May 21st. Intel is also rumored to be interested in acquiring Altera.
Staples (SPLS)- The Jan 2017 $13/$17/$22 bull call spread risk reversal was put on 5,000 times … Read More »