Option Traders Bet On JDS Uniphase Corporation Holding Above 11 (JDSU)
By David Lipton
March 01, 2010 5:11 PM
March 01, 2010 5:11 PM
Traders have been buying JDS Uniphase Corporation (NASDAQ:JSDU) calls the past few weeks, sending the stock through the 11$ level not seen in quite sometime.
The JDSU March 11 call open interest as of today is currently 12,000 contracts.
With the combined underlying volume spike (12 mill volume today vs. 5 mil avg) and price increase it appears (Nasdaq: JDSU) has a good chance of closing above 11 at the close on the 3rd Friday of this month.
52wk Range: 2.21 - 11.33
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