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Tibco Software (TIBX)5/3/13: Tibco Software has been falling for the last year, but now the bulls expect it to bounce at support. Heat Seeker shows the purchase of some 3,000 June 18 calls, most of which priced for $2, against no previous open interest. Total option volume is triple the daily average, with calls outnumbering puts by more than 300 to 1. TIBX rose 1.55 percentr to $19.60. These calls are in the money and are almost pure delta, so they have little exposure to time decay.
Updated 5/7 with the the June 18 calls at $2.80-$2.95.
Updated 5/8 with the June 18 calls at $3.10-$3.30.
Exited balance 5/22 with the June 18 calls at $4.20-$4.40.
Ford (F)5/28/13: Ford has been on the systems frequently and yes, Ford on again... the stock price of Ford has been running Fast & Furious and this morning right out of the gate, the shares are adding another 3.5%. The question now is, Is there more?? The options say yes, or at least expectations are that there may be more fuel in the tank in the short term. The options are already running Red Hot, with more than 32,000 calls trading of the 43,000 total. The most active strike in the first 30 minutes of the session, is the F May 15.5 calls trading over 11,000 for $.08, $.09 and now $.11.
Updated 5/29 with the calls at .19-$.22.
Exited balance 5/30 with the May 15.5 calls at $.38-$.48.
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