Shares of Silicon Image Inc. (SIMG) are trading up .06 to 4.83.? The stock is trading near the lower end of the 52 week range.
Today paper bought the SIMG May 5 calls for .25 2500x in scattered blocks.?? Average volume is 444 contracts per day. Open Interest is 1154 contracts.
The trade looks like a buyer lifting the offer available on multiple exchanges.? The volume on the day is now over 4000 contracts with most of that trading on the offer.? Earnings are out on Apr 30th. The buying looks very bullish given the short time to expiration.
30-day implied volatility is 58%.?? 10-day implied volatility is 21%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Silicon Image, Inc. (Silicon Image) is a provider of wireless and wired connectivity solutions that enable the reliable distribution and presentation of high-definition (HD) content for consumer electronics (CE), mobile, and personal computer (PC) markets.
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