Shares of Tessera Technologies, Inc. (TSRA) are up .97 to 19.70 today.? TSRA is near the middle of the 52-week range.
Today paper traded 1250 TSRA Feb 19 calls for 1.15-1.20 on splits. ?ADV is 565 contracts.? The OI is 204 contracts.
The volume traded in two blocks on split prices. ?Volume on the strike is now 2719 with IV up 5.2 points today.? There is scattered call buying in several strikes in Feb in advance of earnings.? The early buys for TSRA are up .70 already today and look well timed.? There are not exiting the calls yet as of this writing and TSRA is just up from the $18 area.
30-day implied volatility is 42%.?? 10-day implied volatility is 63%.? 30 day implied volatility is trading below the 10-day historical volatility.
Tessera Technologies, Inc. is a holding company.