BMC Software Bulls Look for an April Run

BMC Software

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lit up our screens yesterday as the bulls looked for it run higher over the next month.

OptionMonster’s tracking systems detected some players stepping into the name early yesterday, with the April 40 calls trading in size for $0.54 and $0.55. More than 2,600 changed hands in the session versus previous positioning of just 180 contracts.

BMC Software

Those callslock in the entry price investors must pay to buy the stock. This can provide major leverage if the stock moves in the right direction, but the calls will expire worthless if BMC doesn’t go up.

BMC shares rose 0.29 percent to $38.71 yesterday. It has enjoyed a solid performance for 2012 after a rocky ride last summer. The company develops software that provides system and service management for corporate computers.

Overall call volume outpaced putsby about 3,000 to 200, a reflection of the bullish sentiment. Total activity was more than 4 times the average amount.

—Najarian has no positions in BMC.

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Pete Najarianis a professional investor, CNBC contributor, regular co-host of CNBC’s “Fast Money ” and co-founder .