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On Thursday, Solectron (SLR - 38-1/16) surged more than nine percent higher after a brokerage firm reiterated its “buy” rating on the stock. SLR is participating in today’s broad-market rally, moving ahead another five percent. This morning, the shares reached their highest intraday level since May 2. Since sinking to a short-term intraday low on May 24, the equity has stepped up by nearly 35 percent and is now trading above both its 10-week and 20-week moving averages. In SLR’s options pit today, the July 35 put has been active on volume of 3,002 contracts. As this out-of-the-money strike has open interest of 2,210 contracts, some of this morning’s activity should translate into new positions. Given the security’s recent technical strength, such additions could be a bullish sign in our contrarian view. This is now one of the most-active CBOE puts.