Lorillard Inc. (LO) Options Active Ahead Of Earnings

Verisign, Inc. (NASDAQ:VRSN) – Options on Internet infrastructure services provider, Verisign, Inc. (NASDAQ:VRSN), are active today ahead of the company’s second-quarter earnings report on Thursday. Shares in the name are down 0.50% on the session at $45.52 as of 12:10 p.m. ET. Front month calls are the most traded options on Verisign, Inc. (NASDAQ:VRSN) as of midday in New York, with roughly 5,100 Aug $46 strike calls in play versus open interest of 180 contracts. It looks like most of the $46 call options may have been sold for a premium of $1.15 apiece. Maximum gains of $1.15 per contract are available on the trade as long as shares in Verisign, Inc. (NASDAQ:VRSN) settle below $46.00 at expiration next month. The calls may have been sold outright or written against a long stock position. If sold outright, the trade starts losing money in the event that Verisign, Inc. (NASDAQ:VRSN) shares rally 3.6% over the current price of $45.52 to exceed the upper breakeven price of $47.15.

Caitlin Duffy
Equity Options Analyst

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