LGTO :
Tuesday March 28, 3:31 pm Eastern Time
U.S. Options - Legato Systems vols and volume up
CHICAGO, March 28 (Reuters) - Implied volatility and volume in
options of Legato Systems Inc. (NasdaqNM:LGTO - news), a
storage management software company, rose with active call
activity as the stock firmed on Tuesday.
Implied volatility for the active April 45 calls stood at around 125 percent, up from a 108 percent on
Monday, a market maker at the Pacific Exchange said.
``They are buying calls,' a market maker said, citing recent upward movement in the stock
Shares of the Palo Alto, California-based Legato Systems were up 3/16 to 45-7/8 on Nasdaq
volume of about 8 million on Tuesday afternoon, significantly up from its March 24 close of 37-4/16.
One of the active calls was the April 45s on the Chicago Board Options Exchange, which lost 1-1/8
to 5-3/4 on interexchange turnover of about 1,888 contracts and open interest of 3,682 at 1:35 p.m.
CST (1935 GMT).
Options volume has also increased, especially on the call side. About 8,435 calls and 1,150 puts
changed hands across the CBOE and Pacific Exchange early Tuesday afternoon.
On Monday, 13,250 contracts traded, out of which 11,235 were calls and 2,015 were puts, up from
its recent average daily volume of 2,950 contracts. |
