Protection Purchased in TiVo
Symbols: TIVO
After popping over 42% last Thursday and moving higher on Friday, TiVo (NASDAQ: TIVO) is trading flat this morning and I am seeing some mild put purchases early in the day. This does not and should not come as any surprise, with such a strong positive rally, protecting your gains should be numero uno.
The Jan 2011 $15 put was purchased 1,000 times on open interest of 195, indicating new, opening positions. I would protect you gains in any and all ways possible; just as fast as court ruling come they can also go the other way.
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