Calls Sold on Taser International (TASR)
By Michael J. Zerinskas
July 06, 2010 2:37 PM
July 06, 2010 2:37 PM
Symbols: TASR
Shares of Taser International Inc. (NASDAQ: TASR) are higher on the session by 0.81%, currently trading at $3.74. The stock has been trading largely lower over the past six months, off from highs near $7.50.
Options traders are betting that any rally in the name will be muted, though. The January 2011 $2.50 call was sold 1,000 times, near the offer, on open interest of just 351 contracts. This suggests new, bearish positioning on the name.
Call volume is now running at 5.3x the daily average.
TASER International, Inc. is engaged in the development, manufacture and sale of advanced Electronic Control Devices (ECDs) designed for use in the law enforcement, military, corrections, private security and personal defense markets.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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