Ingram Micro (IM) -- On a Roll
by Houghton and Atkeson   07/07/08
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Options in Ingram Micro (IM) have traded 15 times the usual volume. It appears that investors are rolling their puts out a month selling roughly 2,000 IM July 17.50 Puts (IMSW) to buy 1,800 IM Aug 17.50 Puts (IMTW).

These put rollers or time-spread sellers are likely playing Ingram's earnings which are expected on July 24. The company missed earnings last quarter and lowered its outlook. The question is: Did the company lower estimates enough?