Jean,
You know JDS Uniphase has support at 113 and resistance at 130, but here's more on the call situation - received tonight.
“Beginning on July 20, options traders began to pile into the August 140 call on JDSU. On that day, the equity was testing 130 once again but couldn't close above it. On July 21, however, the shares powered to 137-5/8, and the following Monday the stock reached 140-1/2. Since then, that has been the high for the equity, and open interest on the August 140 call has maintained this high level of open interest. As of this morning, open interest at this strike stood at 17,531 contracts. It's important to note that the peak open interest is at this strike, but that situation will change when August options expire tomorrow after the close. A similar scenario stands in the September series with peak open interest on the 140 call with 15,778 open contracts." |
