TASER International, Inc. (TASR) High Fails to Shake Skeptic

TASER International, Inc. (TASR) raced to a 10-year high earlier

May 1, 2015 at 1:48 PM
facebook X logo linkedin


In the wake of a price-target hike to $35 at Craig-Hallum, TASER International, Inc. (NASDAQ:TASR) is breaking out -- up 8.2% at $32.65, and fresh off a 10-year high of $33.23. Options traders are responding, with intraday volume surging to six times the typical amount.

Seeing the most attention are the January 2016 40- and 44-strike calls, where matching 1,300-contract blocks traded simultaneously during the lunch hour. According to data from the International Securities Exchange (ISE), the lower-strike calls were bought to close, while the higher were sold to open. In other words, this call writer is rolling his short position up -- likely setting a higher ceiling in light of today's rally.

Call selling has been a popular strategy on TASR in recent weeks. During the past 10 days at the ISE, Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), more than 5,000 calls have been sold to open, versus roughly 4,300 bought to open.

This skepticism is surprising, considering TASER International, Inc. (NASDAQ:TASR) has been surging, as police departments come under increasing scrutiny amid the Freddie Gray case in Baltimore. Over the past month, the stock has outperformed the S&P 500 Index (SPX) by 22.4 percentage points, and has also more than doubled in value year-over-year.
 

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