December 07, 2012 at 14:49 PM EST
Is Linear Technology Poised for a Major Move?
The shares of Linear Technology Corporation (NASDAQ:LLTC) were trading higher at midday edging closer to familiar resistance in the $34-$34.50 neighborhood around 1:13 p.m. EST. From a longer-term standpoint the stock has spent the past year in a range of roughly six points but it looks like one options strategist is betting on a breakout -- in either direction -- within the next few months. As of 1:13 p.m. EST today LLTC has seen around 1 650 calls and 1 250 puts change hands far surpassing its average afternoon volume of fewer than 250 calls and 200 puts. The ...
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