Rambus (NASDAQ: RMBS) closed at $16.46 Monday.
RMBS is the frequent subject of patent infringement & anti-trust claim issues. Hynix Semiconductor, Samsung Electronics and Micron Tech (NYSE: MU) have had patent infringement suits with RMBS.
RMBS July 16 straddle is priced at $1.60. RMBS August option implied volatility of 90 is above its 26-week average of 72 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com










