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Schaeffer's Market Blog: Linear Technology (LLTC) Lures Put Traders Ahead of Earnings - Apr 9 2009 2:01PM
Thursday, April 09, 2009 2:01 PM


(Source: Business Wire)trackingLinear Technology Corporation's (NASDAQ: LLTC) date in the earnings confessional is fast approaching, and the bears are rushing to place their bets ahead of the release. More specifically, the firm is slated to issue its fiscal third-quarter report on Tuesday, April 14 -- which has prompted a wave of front-month put activity lately. During the past 10 trading sessions, options speculators on the International Securities Exchange (ISE) have bought to open 3 times as many puts than calls on the tech titan. In fact, on Wednesday, LLTC saw more than 9,000 puts change hands, more than tripling its average daily volume of fewer than 3,000 contracts.

To continue reading this article, click here: http://www.schaeffersresearch.com/commentary/content/linear+technology+lltc+lures+put+traders+ahead+of+earnings/optionbytes.aspx?single=true&byteID=92331#92331&source=businesswire

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