TiVo Rockets Higher

TiVo (NASDAQ: TIVO) is running amazingly higher today, up over 42%. Yes, you read that right, 42%. The company reported that in a patent infringement suit with EchoStar communications the U.S. Courts have affirmed the sanction that was outlined in the suit.

I highlighted a large call roll yesterday where a trader purchased the April $11 calls 9,500 times. The calls that were bought yesterday for $1.30 are now trading $3.90; cha-ching! Your are welcome for that 200% profit. Now take your profits and go buy a sweater…