2009-03-10 22:14:11 -

Despite the shares of Palm, Inc. (NASDAQ: PALM) advancing in the wake of smartphone-related news, options traders are scooping up puts on the tech titan. So far today, the equity has seen roughly 10,000 puts change hands - more than tripling its average intraday volume of fewer than 2,850 contracts.


Most speculators are looking ahead to the back-month

series of options, with the stock's May 5 put the most active. This position has seen about 5,300 contracts cross the tape, exceeding the March 7.50 put (which has seen volume of almost 2,000 contracts) for today's most popular position. Meanwhile, the equity's May 7.50 put has seen about 1,400 contracts change hands, while its August 7.50 put has seen intraday volume of roughly 1,200 contracts.


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Schaeffer's Investment Research

Andrea Kramer, 513-589-3800

akramer@sir-inc.com