Hi dawgfan,
The open interest in options (i.e., numbers of contracts at particular strike prices) can be found anywhere you can get options chains, e.g., broker sites, AskResearch, etc.
BTW, I'm glad to see that so far I was wrong on BRCM, since I have a long position. I notice that now there is even more clustering of calls at the 190 to 230 level, specifically 7,377 calls vs. only 685 puts. So again, there is a lot of resistance at this point in the options market, and a lot of incentive to drive the price down before July expiration.
But also of note, beyond 230, there is virtually no resistance at all: only 77 open call positions above 230, and no put positions at all.
My take on all this is that if BRCM can remain strong enough to get beyond 230, then it will be in excellent position to again test the 52 week high of 253. Todays candle is a bullish one on huge volume (8 times the average volume over the last 10 sessions), and BRCM remains just within its 10 day Bollinger band limits. BRCM is now about 22% ahead of its 10 day MA, but BRCM historically has frequently traded above the 10 day MA (though usually less than 22%), so I don't see a lot of momentum to correct back to the 10 day. Still, the options boys will certainly try their level best to bring the price down before expiration.
Regards,
Walkingshadow |
