CNBC Stock Blog
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- Art Cashin: Caution 'Growing' in Financials, Dividend Moves
- 3 Software Stock Picks from Lazard's Senior Analyst
- Investors Bet on a New Year's Rally For eBay
- Why You Should Play the Reflation Trade: Stock Picker
MOST SHARED
- Banks Play Down Dubai Exposure, Investors Still Wary
- No Thanksgiving Rest for Retailers in Sales Race
- UK's Darling to Downgrade 2009 Growth Forecast
- More Asia Executives Resigned to Economy Flights: Survey
- Attraction of Switzerland to Businesses
- US Markets Bracing for Selloff On Worries About Dubai's Debt
- Oil Falls Below $74 on Dubai Default Worries
- Dubai Debt Delays Revive Fear of Financial Crisis
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- Car Insurance Scofflaws Raise Health Reform Doubt
- Rush Starts as Holiday Shopping Season Revs Up
- US Markets Bracing for Selloff on Dubai Debt Worries
- US Dollar Falls to 14-Year Low Against the Yen
- ING Prices Share Issue at Hefty Discount
- UK's Darling to Downgrade 2009 Growth Forecast
- Tommy Hilfiger's Estate in Conn. Sells for $20 Million
- Cheap Robotic Hamsters Are Holiday's Unlikely Craze
- Fannie Mae to Tighten Lending Standards: Report
RSS FEED
Text Size 
writer, OptionMonster
Tellabs is up 25 percent in the last three months, and at least one big investor expects the gains to continue into the New Year.
OptionMonster's tracking systems detected heavy buying of the January 7.50 calls for $0.60 to $0.70. Volume in the strike soared to 14,555 contracts, more than three times existing open interest.
Tellabs [TLAB
Loading...
()
] rose 2.92 percent to $7.05 yesterday. The telecom equipment company has been climbing since reporting better-than-expected earnings and issuing revenue guidance that exceeded analysts' forecasts on July 27.
The stock needs to gain at least 16 percent by expiration for the calls purchased yesterday to turn a profit. The next scheduled event that could serve as a catalyst is the release of third-quarter results before the bell on Oct. 26.
Total options volume in Tellabs was nine times greater than average. Call volume exceeded puts by 67 to 1, reflecting the bullish sentiment.
___________________________
Tellabs Competes With:
Alcatel-Lucent [ALU
Loading...
()
]
Cisco Systems [CSCO
Loading...
()
]
___________________________
Options Trading School:
___________________________
___________________________
David Russell is a reporter and writer for OptionMonster.
___________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes