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Investing

Unusual Options Trading in RIM (RIMM)

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By Jon C. Ogg Published
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Research In Motion Limited (NASDAQ: RIMM) is down and out long-term according to many investors.  Its stock is down by over 1% today as well and the 12 million shares traded so far is nothing out of the ordinary. It feels like a ‘blah’ day…. at least until you look at the options trading.  The weekly options traders are spending less money to buy the shorter-dated February 2012 call options contracts.  Volume is almost 300% of normal in the calls today.

The biggest action is in the $17 CALLS with 10,244 contracts traded against an open interest of only 6,052 contracts.

Then there have also been 6,486 in the shorter-dated $18 CALLS with against an open interest of only 10.847 contracts. The regular monthly expiration options (Feb. 17 expiration) have seen 6,824 contracts trade against an open interest of 15,358 contracts.

If you go further out, there have been 3,137 contracts of the April 2012 $21 CALLS against an open interest of only 2,162 contracts.

Maybe someone is hoping for some Cisco related news… Maybe something else. 

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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