TASER International, Inc. (TASR) Option Volume Pops Amid Record High

TASER International, Inc. (TASR) options are trading at twice the usual intraday rate

by Alex Eppstein

Published on May 4, 2015 at 3:04 PM
Updated on Jun 24, 2020 at 10:16 AM

TASER International, Inc. (NASDAQ:TASR) is fresh off a record high of $34.24, and was last seen up 4.4% at $33.78. Options traders are reacting, as well, with intraday volume running at more than double what's expected.

The most active TASR strike is the May 32 put, which appears to be seeing a mix of buy- and sell-to-open activity. The potential buyers are expecting the stock to retreat south of $32 by options expiration -- at the close on Friday, May 15 -- while the sellers think that level will serve as technical support over the next two weeks.

Meanwhile, the June 33 call -- TASR's second-most-active strike -- is seeing newly bought bets. These bulls anticipate the shares will extend their run north of $33 through June options expiration, at the close on Friday, June 19.

Elsewhere in the sentiment world, one-quarter of TASR's float is sold short. Based on the stock's average daily trading levels, it would take more than two weeks to repurchase these bearish bets. If the stock continues to muscle higher, these shorts could be forced to hit the exits -- potentially resulting in tailwinds.

It's been an extraordinary year for TASER International, Inc. (NASDAQ:TASR). Over the past 12 months, the stock has surged an astounding 134%.

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