Notable Call Options Activity in Glu Mobile
Shares of Glu Mobile (NASDAQ: GLUU) are lower on the session by 5.35%, currently trading at $3.01. The stock has been moving largely lower over the past two weeks and is currently trading below the 50-day moving average.
Options traders are focusing on calls today. The strike seeing the heaviest volume is the January 2012 $5.00 call, which has traded 700 times on open interest of 765 contracts.
Calls are outpacing puts today by 333 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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