Options Traders Bet on DISH Rebound
By David Russell, reporter at OptionMonster
Dish Network (DISH Quote) got knocked down by nearly 10% Wednesday, but some options traders are betting on a rebound.
Volume in the July 15 calls rose to 11,853 against no existing open interest, according to optionMONSTER's Heat Seeker monitoring program. Two large purchases for $1.65 only seconds apart accounted for 70% of the volume at that strike, the most heavily traded in Dish Wednesday.
The stock fell 9.74% Wednesday to close at $15.56 after a federal court ruled Tuesday that the company is illegally using TiVo's(TIVO Quote) digital-recording technology. The ruling may force Dish to strike a licensing deal with Tivo, which rallied more than 50% on the news. Dish said it plans an appeal. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,484.80 | 1,113.06 | 2,215.77 | 35.99 |
Oil *
72.58
|
|
DOWN
16.25
|
DOWN
1.05
|
UP
3.67
|
UP
0.53
|
10 Yr
3.60%
SPDR Gold
110.11
|
|
-0.15%
|
-0.09%
|
+0.17%
|
+1.49%
|
Data delayed 20 minutes |
Connect with TheStreet