Chris McKhann , analyst at OptionMonster.

Shares of TiVo ( TIVO) are trying to push back up toward the $8 level, and the options remain bullish.

TiVo was up 1% this morning to $7.72, an area it saw earlier this year before breaking back down to $6 in early March. The shares have fallen back to $7.50 in afternoon trading, but they are still at levels almost 100% above the stock's November low and right in the middle of its 52-week range.

Today's options action is out in summer contracts, where we see more than 10,000 of the August 10 calls traded, with one block of 9,057 bought for 70 cents. This is against open interest of 1,186 contracts and 20-day average options volume of 1,621, according to OptionMonster's tracking systems.

Part of this may have been a trader rolling a position from May to August, as 5,000 of the May 7.50 calls traded just seconds later. Even so, the sentiment remains bullish.