EMC (NYSE:EMC) Still Attracting Bulls, Calls Rising

EMC's (NYSE:EMC) consistent climb continues, and bulls believe there is still a lot of juice left in the stock, buying up calls.

Today, according to optionMONSTER, close to 30,000 July 29 calls were purchased for $0.83, while at the same time an equal number of April 24 calls were sold at $2.86.

With volume below interest for the April contracts, it appears a long position was rolled from one strike to the other.

Option volume on EMC is about three times usual, with 96 percent of activity being calls.

EMC was trading at $27.07, down $0.01, or 0.04 percent, as of 11:56 AM EST.

Minefinders (AMEX:MFN) Gets Big Call Option Action

After a big day Thursday, Minefinders (AMEX:MFN), after the release of stronger-than-expected production numbers, received a lot of option action in general, especially calls, as the share price of the company rocketed up by over 6 percent on the day.

Of particular note were May 13 calls, which, according to OptionMonster's real-time tracking systems, traded in a buying range from $0.25 to $0.40.

Approximately 4,700 of the calls traded against open interest of only 908 contracts at that strike, according to OptionMonster.

Overall, the number of calls were 15 to 1 over puts. Option volume on Minefinders was about 8 times above normal activity.

MineFinders was trading at $10.59, down $0.04, or 0.38 percent, as of 1:57 PM EST.

Goldman (NYSE:GS) Says Buy Cisco (Nasdaq:CSCO) Calls Before Earnings Report

Goldman Sachs (NYSE:GS) exhorted traders to buy calls on Cisco (Nasdaq:CSCO) before their second-quarter earnings report next week.

Goldman, said in a note, “Our analyst thinks that sentiment has moved too negative into the quarter and guidance is achievable. With Street estimates below Cisco’s guidance, a ‘not as bad as feared’ quarter is likely a positive catalyst for the stock.”

John Marshall and Maria Grant, equity derivatives strategists at the financial giant, said traders should buy a call spread, buying one Cisco February $22 call for every two February $23 calls sold.

The call spread will generate profits if the shares close between $22.12 and $23.88 at expiration on Feb. 18, according to the note. Traders will achieve top profits if Cisco closes around $23 in the investing scenario suggested.

Cisco closed Wednesday at $21.62, gaining $0.15, or 0.70 percent.

Time Warner (NYSE:TWX) Call-Option Trades Soar as Stock

Since November 30 shares of Time Warner (NYSE:TWX) moving up quickly, generating interest from traders who have been buying call-options in large quantities, the most since May for the entertainment giant.

As of a little after noon today, there were just under 47,000 calls to acquire the stock. Calls offer a trader the right to buy 100 shares of a security for a chosen figure, the strike price, by a specific date.

February $34 calls, the most-active contracts, accounted for close to 80 percent of options traded on the stock so far today.

Since November 30, the share price of Time Warner has risen 13 percent.

Time Warner was trading at $33.34, gaining $0.17, or 0.51 percent, as of 2:08 PM EST.