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
Contact [email protected] for any questions or corrections.
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