AMKR – Amkor Technology, Inc. – The sale of a large chunk of put options on the provider of semiconductor packaging and testing services suggests one strategist expects Amkor’s shares to exceed $5.00 through expiration in January 2011. AMKR’s shares rallied at the end of last week after the firm posted better-than-expected second-quarter results and forecast increased demand in the third quarter. The price of the underlying stock is roughly unchanged today at $6.03 as of 2:40 pm ET. The put seller shed 5,000 lots at the January 2011 $5.0 strike to take in premium of $0.40 per contract. The investor responsible for the transaction keeps the full premium received as long as Amkor’s shares trade above $5.00 through expiration day. The transaction indicates the investor is happy to have shares of the underlying stock put to him at an effective price of $4.60 each should the puts land in-the-money at expiration next January.