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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 267.80

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3:59 PM EST

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From: Elroy	4/28/2020 11:09:45 PM
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A bit off topic, but perhaps someone here has some idea on this one......... SIMO is a small semiconductor stock that I've followed for years. They reported Q1 yesterday after the close, but that's not what this post is about. SIMO trades about 350,000 shares each day on average. SIMO doesn't have much in the way of options trading volume. Most contracts strikes and dates have less than 20 contracts of open interest at any given point in time. So......yesterday it appears that someone traded 12,060 June $50 calls and 11,066 June $30 puts. That represents the right to buy and sell more than a million shares of SIMO in the June expiration date. SIMO only has 35 million shares outstanding. Anybody know what might cause SIMO's normally sleepy options volumes to spike like that? I've never seen volumes like that in SIMO's options. A more normal day would be less than 10 contracts of all strikes combined trading.

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