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Current DateTime: 07:53:34 11 Jul 2009
LinksList Documentid: 30328029
CNBC Stock Blog
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Jan.06
1:58 PM ET
Tuesday, 6 Jan 2009
Options Traders Jumping On This Software Maker

Adobe Systems is up nearly 5 percent Tuesday — and continues to see call activity.



Jon "DRJ" Najarian
Cofounder, optionMonster.com

The call buying began around a week ago, when we reported volume approaching four times the daily average for the maker of Photostop, Flash, and other popular software.

Today, trading continued to surge at the February 22.5 calls, which now go for more than $2.40 as opposed to the $1 price last Tuesday.

Since then, ADBE shares [ADBE  Loading...      ()   ] have risen from $21.05 to $24.23 in midday trading today. The company announced this morning that it is partnering with Broadcom [BRCM  Loading...      ()   ] to bring Flash technology to digital TV set-top boxes, allowing the development of computer-like graphics.

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More Popular-Software Makers:

Red Hat [RHT  Loading...      ()   ]

Oracle [ORCL  Loading...      ()   ]

Novell [NOVL  Loading...      ()   ]

AMD [AMD  Loading...      ()   ]

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Jon 'DRJ' Najarian is a professional investor, CNBC contributor, and cofounder of OptionMonster.com.

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