Options Bulls Blast Soaring BlackBerry Stock After Earnings

Short interest has been building over the last month, despite the stock's 35% jump during that time, and now represents 5.9% of the stock's available float, so some of today's price action could be attributed to short covering. Call traders have been quick to the draw this morning. So far, the stock has seen 64,000 calls exchanged in comparison to just 7,609 puts, with overall options activity already at 4.2 times the average daily volume. The weekly 6/27 5.50-strike call is the most popular by far, with ne ...