Power One (PWER) with relative weakness and increasing put activity. Shares are down 10.7 percent to $8.10 and today’s options volume of 12,000 puts and 5,600 calls is more than double the recent average daily. The top trade is a 1,337 Mar 7 puts that recently traded at the 10-cent asking price. Looks like an opening buyer. 5,400 now traded. Mar 8 and 9 puts are busy as well. Looks like mixed trading in Mar 9 calls. Implied volatility is 14 percent to 58 and today’s flow seems to reflect concerns about additional short-term weakness in shares of the Carmarillo, CA power conversion maker. No news on the stock.Nothing company specific, the story of the day is Italy, Italy, Italy.
Monday, February 28, 2011
Power One Inc. $8.23 -9.26% (PWER)
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