Several large consumer-technology stocks have bounced recently after long sell-offs, and one trader is betting that Sony is joining the crowd.
OptionMonster's tracking programs detected the purchase of more than 5,000 January 11 calls for $0.15 yesterday. Most of the activity took place in about five minutes, suggesting that it was the work of a single investor.
The calls lock in the price where shares can be bought in the once-mighty Japanese electronics firm. These options were particularly inexpensive and have the ability to provide huge leverage in the event of a rally, but they will expire worthless if the stock doesn't move by mid-January.