Volume Spike Investor » LLTC

Chips Beating and Challening 52-Week Highs (INTC, LLTC, SMH, AMD)

247admin — Wed, 14 Apr 2010 12:36:07 +0000

Chip stocks are almost all trading higher this morning after Intel Corporation (NASDAQ: INTC) and Linear Technology Corp. (NASDAQ: LLTC) beat earnings and gave upbeat outlooks. LLTC is up 3.5% at $30.69 on 40,000 shares, versus a 52-week range of $20.26 to $31.21. Intel is up 4.7% at $23.85 above yesterday’s $22.82 high of the last 52-weeks and on over 2 million shares. Semiconductor HOLDRs (NYSE: SMH) is up 3.2% at $29.90 on 30,000 shares. Advanced Micro Devices Inc. (NYSE: AMD) is up 3.7% at $9.92 on 70,000 shares versus a 52-week range of $3.17 to $10.04. (8:32 AM EST)

JON OGG

Price/Volume Spike: Linear Tech (LLTC)

247admin — Wed, 14 Jan 2009 15:12:33 +0000

Linear Technology Corporation (NASDAQ: LLTC) closed at $22.60 yesterday, but then came its earnings disappointment. As of 9:11 AM EST this morning we have seen the last trade at $21.65, down some 4.2% on pre-market trading volume of 87,000 shares. Keep in mind that this trades over 6 million shares in any given trading day, and its 52-week trading range is $17.69 to $37.77. With all the troubles this sector has seen, this one could easily turn higher if the market decides that it wants to post any rally after the recent days of selling off.

Jon C. Ogg
January 14, 2009

Linear Tech Large Options Straddle (LLTC)

247admin — Mon, 30 Jun 2008 15:46:54 +0000

Linear Technology Corp. (NASDAQ: LLTC) has just seen a rather large straddle position get taken. It looks like an investor has made a bet that the stock is going to either rise sharply or fall sharply by Thanksgiving. Here are the trades seen that signaled the alert, and we included the open interest before to show the level of interest hasn’t been there before this:

OPTION/STRIKE              Volume OpInt
NOV08 $32.50 CALLS    10,130    737
NOV08 $32.50 PUTS      10,000    3,755

Linear Tech rarely makes the unusual or most active list in stocks. It never does in options. More interesting than even the raw trade is the November month expiration. This could possibly be a capped option or share trade entered on behalf of an insider with a lock-up, or it could be something else entirely.

The stock itself as of 11:44 AM EST has seen a 1.3% rise today to $32.84 on only 1.7 million shares. That is well under an average daily volume of 6.1+ million shares. The 52-week trading range is $25.90 to $38.41.

This is now the largest options trade of the day.

Jon C. Ogg
June 30, 2008