Traders Count on Cyberark Software Ltd (CYBR) to Bounce Back

Cyberark Software Ltd's (NASDAQ:CYBR) June-dated calls are garnering attention this morning

May 29, 2015 at 10:50 AM
facebook X logo linkedin


Cyberark Software Ltd (NASDAQ:CYBR) is off nearly 4% at $61.72, after the company announced a secondary public offering of up to $250 million. However, from the looks of it, options traders may be banking on the cybersecurity stock to bounce back in the near future.

Diving right in, CYBR calls are crossing the tape at double the usual intraday rate. June calls are in focus, with possible buy-to-open activity transpiring at the 60 and 65 strikes. Those purchasing these positions anticipate the equity will rebound -- and finish above the respective strikes -- at the close on Friday, June 19, when front-month options expire.

However, in recent weeks, long puts have been gaining in popularity at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). CYBR's 10-day put/call volume ratio has spiked to 1.20 from 0.53 just two weeks ago.

Technically speaking, Cyberark Software Ltd (NASDAQ:CYBR) has had quite the run in 2015. Year-to-date, the shares have soared 55.7%. Should this uptrend resume, a capitulation among option bears could result in tailwinds.
 

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