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Current DateTime: 03:27:34 10 Nov 2009
LinksList Documentid: 30328029
Options Suddenly Love Chip Equipment Maker
Published: Wednesday, 1 Jul 2009 | 12:59 PM ET
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By: David Russell
writer, OptionMonster

Options trading turned bullish on chip equipment maker KLA-Tencor as at least one investor positioned for a near-term pop in the shares.

OptionMonster's tracking systems detected the purchase of 5,000 July 26 calls against open interest of 1,181 contracts. The premiums paid rose from $0.75 to $0.80 as the transactions were recorded, suggesting a strong buying pattern.

KLAC stock [KLAC  Loading...      ()   ] rose 4.24 percent to $26.33 in Wednesday morning trading, but is down 11 percent after spiking to $29.45 in early June.

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Options Trading School:

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The semiconductor equipment manufacturer posted a wider-than-expected loss the last time it reported quarterly earnings on April 27. It is also scheduled to participate in an analyst briefing in San Francisco on July 15.

Options volume in KLAC is more than three times average so far today, with calls outnumbering puts by almost 12 to 1.

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David Russell is a reporter and writer for OptionMonster.

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Chip and Chip Equipment Makers

Applied Materials [AMAT  Loading...      ()   ]

Lam Research [LRCX  Loading...      ()   ]

Veeco Instruments [VECO  Loading...      ()   ]

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Current DateTime: 02:47:39 10 Nov 2009
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