ING US Inc (VOYA) Call Buyers Look for Shares to Extend Post-IPO Rally

Sigma Designs Inc (NASDAQ:SIGM) – Shares in the provider of home entertainment semiconductor solutions have fallen roughly 20% in the past six months, but front month options activity on Sigma Designs Inc (NASDAQ:SIGM) this morning looks for the price of the underlying to rebound in the near term. Sigma Designs Inc (NASDAQ:SIGM) shares are up roughly 2.0% today at $4.72 as of 12:30 p.m. ET. At least one options trader is positioning for Sigma Designs Inc (NASDAQ:SIGM)’s shares to continue higher, with around 1,400 of the Jun $5.0 strike calls purchased this morning for an average premium of $0.15 per contract. The bullish bet pays off at expiration next month as long as shares in Sigma Designs Inc (NASDAQ:SIGM) rally another 9.0% to top the breakeven price of $5.15. The company reports first-quarter earnings on June 5th.

Caitlin Duffy
Equity Options Analyst

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