{"id":26981,"date":"2018-08-24T01:01:37","date_gmt":"2018-08-24T06:01:37","guid":{"rendered":"https:\/\/insights.tradestation.com\/?p=26981"},"modified":"2019-02-20T22:11:31","modified_gmt":"2019-02-21T03:11:31","slug":"calls-spike-as-small-gap-goes-mobile-options-recap","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2018\/08\/24\/calls-spike-as-small-gap-goes-mobile-options-recap\/","title":{"rendered":"Calls Spike as Small Cap Goes Mobile: Options Recap"},"content":{"rendered":"
Last month, Market Insights highlighted<\/a> a surging maker of smart-phone games. Yesterday, options traders lit up the name.<\/p>\n Here’s a breakdown of the large transactions detected in Glu Mobile (GLUU):<\/p>\n Volume was below open interest in both the September contracts, but not the Decembers. That suggests existing short calls were closed and rolled forward in time. But why?<\/p>\n It’s likely to investor owns shares in GLUU, which ripped 6.11 percent to a new 52-week closing high of $7.47. He or she had probably sold the September 5.50s and September 6s as under covered-call strategies<\/a> in previous sessions.<\/p>\n\n