Merger Buzz Ignites Advent Software, Inc.'s (ADVS) Options Pits

Advent Software, Inc. (ADVS) hit an all-time high today

facebook X logo linkedin

Advent Software, Inc. (NASDAQ:ADVS) is 7.4% higher today at $40.70 -- and earlier touched an all-time high of $42.85 -- on reports that SS and C Technologies Holdings Inc (NASDAQ:SSNC) is planning to buy the company for roughly $2.3 billion, or $45 per share. In response, calls are trading at seven times the average intraday pace -- and demand for short-term contracts has skyrocketed, as evidenced by ADVS' 30-day at-the-money implied volatility, which hit an annual high today.

One contract seeing plenty of attention is the February 40 call. With possible buy-to-open activity at this strike, according to data from the International Securities Exchange (ISE), some traders are hoping for ADVS to extend its gains above $40 before the contracts expire at the close on Friday, Feb. 20 -- a time frame that includes fourth-quarter earnings.

It's not a surprise to see today's options traders grabbing calls, as this just echoes the withstanding trend. According to the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.11 -- which rests at an annual low -- near-term speculators are more call-skewed now than at any point in the past year. This sentiment is echoed at the ISE, Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), where almost 117 calls have been bought to open for each put in the past 10 weeks.

Technically speaking, Advent Software, Inc. (NASDAQ:ADVS) has done well. In the past month, shares have outperformed the S&P 500 Index (SPX) by over 25 percentage points.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI