By Sell Puts
Shares of Symantec (SYMC) have been on the move this morning on heavy volume. More buyout rumors are fueling the volume. Options activity is confirming the rumors.
(SYMC) January options are seeing interesting trading with the 15 calls and 12.5 puts seeing the most volume. It looks as if a trader strangled the stock looking for a move below 12.5 or over 15. The volume in these January strikes is just over half the outstanding open interest.
Front month and October options are seeing volume spikes as well, with the 15 and 16 strikes seeing the most interest.
Day's Range: 13.96 - 14.98
52wk Range: 12.04 - 19.16
52wk Range: 12.04 - 19.16
