Market Overview

Calls Sold on Novell (NOVL)

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Shares of Novell Inc. (NASDAQ: NOVL) are higher on the session by 0.34%, currently trading $5.93. The stock is still trading above the 50-day moving average, though it remains to be seen if the stock can break through the $6 level, which has been resistance for the past three months.

I am seeing calls sold in the name today with the June $6 call sold over 1,600 times on open interest of 7,904 contracts. Call volume is running at 2.20x the daily average.

Novell, Inc. develops, sells and installs enterprise software that is positioned in the operating systems and infrastructure software layers of the information technology (IT) industry.

 

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