Unusual Options Activity In Citrix Systems (CTXS)

Discussion in 'Stocks' started by archon, Apr 9, 2008.

  1. archon

    archon

    full article here:

    Unusual Options Activity In Citrix Systems (CTXS)


    Citrix Systems (CTXS)
    Citrix Systems (CTXS) is seeing unusual action for a second day. Yesterday, heavy call buying was seen in early morning trading, perhaps related to VMWARE (VMW) which was trading sharply higher. Both stocks finished up strongly.

    Early in today’s session, our systems detected several aggressive sweep call buyers, including a buy of nearly 1000 May 35 calls for $1.73.

    That price was well above the asking price of $1.70 in effect at the start of execution. The action preceded a noticeable spike of nearly $.50 in the stock...
     
  2. gobar

    gobar

    but 30 put open int is around 30,000

    is ctxs a takeover target or buying someone ?
     

  3. Gobar,

    Your right. The 32,000 puts in open interest on the April 30 put strike and today's put volume of 5,000 on the same 30 put strike is far more significant than the 35/40 Call Spread sold.