FireEye, Inc. (FEYE) Bears Bet On a Pullback

FireEye Inc (FEYE) puts are trading at three times the usual intraday clip

Mar 4, 2015 at 11:25 AM
facebook X logo linkedin


Cybersecurity titan FireEye Inc (NASDAQ:FEYE) is succumbing to broad-market headwinds today, down 2.7% at $43.86. What's more, despite the stock's longer-term uptrend -- the shares are 39% higher in 2015 -- option players continue to gamble on a steep pullback.

FEYE puts are trading at three times the average intraday clip, with the April 43 put leading the charge. The International Securities Exchange (ISE) confirms a big block of the puts was bought to open, as the trader expects FEYE to make a notable move south of $43 by the close on Friday, April 17, when the back-month options expire.

However, today's preference for bearish bets is nothing new for FEYE. The stock's Schaeffer's put/call open interest ratio (SOIR) of 1.00 stands higher than 99% of all other readings from the past year, implying short-term traders have rarely been more put-biased.

As alluded to earlier, FireEye Inc (NASDAQ:FEYE) has been outstanding on the charts, outperforming the broader S&P 500 Index (SPX) by nearly 46 percentage points during the past three months. As such, the equity's 14-day Relative Strength Index (RSI) now sits at 67 -- in overbought territory, suggesting the equity's breather may have been in the cards. Off the charts, FEYE is presenting this afternoon at a Morgan Stanley tech conference.

 

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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI