Loading...
Loading...
Shares of Xyratex Ltd.
XRTX are higher on the session by 5.82%, currently trading at $12.37. The stock has been moving largely lower over the past six months and is trading below the 50-day moving average.
Options traders are buying calls on the name today, betting that the stock may be at a short-term bottom. Though action has been primarily in small lots, call volume is running at 4x the daily average with 85% of all calls traded being purchases on the offer.
Traders are buying the $10.00, $12.50, and $15.00 strikes in multiple months.
Xyratex Ltd. is a provider of modular enterprise-class data storage solutions and storage process technology. It designs, develops and manufactures technology that provides its customers with data storage products to support storage and data communication networks.
For more great research like this, as well as how to play it through options…please visit
Benzinga’s Options & Volatility Edge and
Benzinga’s Cash Generator.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: Long IdeasTechnicalsOptionsTrading IdeasComputer Storage & PeripheralsInformation Technology
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in