Is Someone Shopping TiVo? (TIVO)

Shares of TiVo Inc.

are higher on the session by 0.51%, currently trading at $9.76. The stock has been moving largely higher over the past three months; this follows a terribly sharp sell off back in May, when shares were over the $18.00. There has been some unconfirmed chatter this morning that Dish Network

is shopping the company with a rumored price target near $16.00 price tag. Options are quite active on the name today, especially in the October contract. Within the first hour of trading 7,000 calls have traded versus only 41 puts. The majority of the action is coming on the Oct $10, $11, and $12 strikes. This activity comes after the very large call activity seen on Sept. 20th, where 35,000 calls traded versus only 6,000 puts. TiVo Inc. is a provider of advanced television technology and services that redefines home entertainment by providing consumers with an easy way to manage, control, watch, and record live television and receive thousands of movies and television shows from cable, broadcast, and broadband sources in intuitive user interface. Get free trades at