Notable Call Options Activity in Brocade Communications
Shares of Brocade Communications (NASDAQ: BRCD) are higher on the session by 2.51%, currently trading at $5.91. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average.
Options traders are focusing on calls today. The strike seeing the heaviest volume is the April 2012 $7 call, which has traded 5,380 times on open interest of 3,784 contracts. The Apr2012 $5 call also traded 5,000 times on 2,898 contracts.
This is a call spread, new position.
Calls are outpacing puts today by 15 to 1.
Brocade Communications Systems, Inc., incorporated on August 24, 1995, is a supplier of networking equipment, including end-to-end Internet Protocol (IP)-based Ethernet networking solutions and storage area networking solutions for businesses and organizations of all types and sizes, including global enterprises, and service providers, such as telecommunication firms, cable operators and mobile carriers.
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