Shares of ailing telecommunications giant Motorola (MOT: sentiment, chart, options) received yet another shot in the arm today when the company announced a shakeup at the top of its mobile-handset unit. Earlier this morning, MOT announced that Sanjay Jha, a former high-ranking executive from Qualcomm (QCOM: sentiment, chart, options) , would become the company's co-chief executive and would oversee MOT's mobile-device unit.

Jha had served as chief operating officer for QCOM. He spent 14 years at the San Diego-based company and was named to the chief operating officer position in December 2006. "[Jha] brings a technical level of skill to Motorola at a high level that they really haven't seen for a long time. People underestimate how important that is in the handset world," said Mark McKechnie of American Technology Research in a quote on MarketWatch. "This is just what Motorola needs."

You may remember that the stock rocketed higher last week following a well-received second-quarter earnings performance. Today, MOT has soared more than 13%, and is now poised to challenge potential round-number resistance at the 10 level. However, MOT's 10-month trendline is quickly descending into the region, and could create havoc for the shares.

Bearish options players have to be a bit concerned about their positions following the stock's surge of 42% during the past 5 trading days. Currently, MOT's Schaeffer's put/call open interest ratio (SOIR) of 0.85 ranks above 98% of all those taken during the past year.