Notable Call Options Activity in Glu Mobile

Shares of Glu Mobile (NASDAQ: GLUU) are lower on the session by 0.27%, currently trading at $3.65. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average.

Options traders are focusing on calls today. A short while ago the November 2011 $5.00 call traded 550 times on open interest of 129 contracts. The Dec2011 $5.00 call also traded 560 times on 6,633 contracts.

Calls are outpacing puts today by 1,000 to 1.

Glu Mobile Inc. designs, markets and sells mobile games. The company has developed and published a portfolio of casual and traditional games for a cross section of the users of smartphones and tablet devices who purchase its games through direct-to-consumer digital storefronts, as well as users of feature phones served by wireless carriers and other distributors.

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