Short-Term Calls Sold in Verigy LTD (VRGY)

Shares of Verigy LTD (NASDAQ: VRGY) are higher on the session by 2.98%, currently trading $10.36. The stock traded as high as $10.51 before pulling back slightly. At that time the May $10 call was sold nearly 2,000 times for $0.45-0.50.

This suggests that the top is in for the stock today as those call options are expiring today.

Shares are now trading off of the $10 support level. If the overall market can continue to move higher, or at least not fall further, you could see Verigy rally from this level over the next week or two.

Verigy Ltd. designs, develops, manufactures and sells advanced test systems and solutions for the semiconductor industry.