TQNT closed at $10.06, down 2.4% yesterday. The LIVEVOL™ Pro Summary is below.
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The company traded over 7,200 options on total daily average option volume of just 1,807. Calls traded on a 3:1 ratio to puts with the action in the Dec 10 calls. The Stats Tab and Day's biggest trades snapshots are included (below).
The Options Tab (below) illustrates that the calls are mostly opening (compare OI to trade size). Note the OI in the Nov 10 calls as well - it's over 10,000. I actually can't tell if it's long or short, could make an argument for both.
The Skew Tab snap (below) illustrates the vols by strike by month.
Pretty normal, but note the drop off in vol after the Dec 10 line to the upside.
Finally, the Charts Tab (6 months) is below. The top portion is the stock price, the bottom is the vol (IV30™ - red vs HV20™ - blue vs HV180™ - pink).
We can see the stock rise since mid Sep, up substantially in terms of percentage. What's interesting is that earnings are done, there was a nice gap up, but the calls opened yesterday.
This is trade analysis, not a recommendation.
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Tuesday, November 2, 2010
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