Stocks quoted in this article:
BEA Systems (BEAS - 137-7/8) provides consulting and support services in the e-commerce field. The company primarily helps businesses launch and maintain e-commerce capabilities. This morning, shares of BEAS rallied strongly out of the gate, gapping 11-1/2 points higher at the open to achieve a new all-time high at 157-3/4. The stock quickly relinquished these gains and proceeded to trade in the red for most of the day. A half hour before the closing bell sounded, the company released fourth-quarter earnings of nine cents per share, surpassing the Street's consensus estimate by two pennies. These figures also showed an impressive growth over last year's fourth-quarter numbers of two cents per share. Furthermore, BEAS officials declared a two-for-one stock split. BEAS fell lower despite this news and closed down over five percent on the day. Call activity was fairly heated on BEAS today, with a number of strikes seeing heavier-than-usual action. Most notable was the out-of-the-money March 150 call, which saw 2,324 contracts cross the tape. Prior to today, this strike was home to only 222 contracts in call open interest. Also busy was the June 150 call, which saw almost 1,500 contracts trade. This strike had 187 contracts in open interest heading into today's session. The most notable strike on the put side was the March 110 put, with 972 contracts trading. This strike was home to 815 contracts before today.