1340 PMCS Nov 7 calls went up 1 block on the AMEX marked price variation. ?

PMCS

Shares of PMC-Sierra Inc (PMCS) are up .33 to 6.69 today.? PMCS is near the bottom of the 52 week range.

  • Paper traded 1340 PMCS Nov 7 calls for .45. ?
  • The ADV is 1494 contracts.?
  • The OI is 2356 contracts.

The volume went up 1 block on the AMEX marked price variation. ?Over 3000 calls traded with prices on or near the bid.? Traders were most likely selling calls and buying stock on some ratio or against an existing position.? 100000 shares did go up close the option print.? The call sale carries through the earnings so they are not expecting much in the way of a move.

  • IV 30 is trading 56%.?
  • HV10 is trading for 23%.?
  • IV 30 is trading above the HV 10.

PMC-Sierra, Inc. (PMC) is a semiconductor and software solution innovator transforming networks that connect, move, and store Big Data. The Company designs, develops, markets and supports semiconductor, embedded software, and board level solutions..