LSI has been struggling along with other semiconductor stocks, and
investors are betting against a turnaround anytime soon.
optionMONSTER's tracking systems detected heavy selling of the
April 4 calls for $0.65 and of the April 5 calls for $0.20. Volume
exceeded 15,000 contracts in both strikes and is almost 5 times
greater than average in the name overall today.
LSI is down 0.46 percent to $4.36 in afternoon trading and is down
34 percent in the last six months. Its last earnings were in line
with estimates the last time it reported results on July 28, but
revenue was light and management said its "outlook for the third
quarter is one of tempered optimism."
The shares gapped lower on that news and have been trapped below
$4.50 ever since. Another blow to the semiconductor industry came
on Aug. 27 when bellwether Intel cut its guidance because of weak
(Chart courtesy of tradeMONSTER)
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