Notable Call Options Activity in Cypress Semiconductor

Shares of Cypress Semiconductor

are higher on the session by 5.97%, currently trading at $18.83. The stock has been moving largely higher over the past two 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 January 2012 $19.00 call, which has traded 1,300 times on open interest of 1,081 contracts. Calls are outpacing puts today by 20 to 1. Cypress Semiconductor Corporation is a supplier of programmable solutions in systems. In addition to its programmable system-on-chip platform based programmable solutions, including TrueTouch, PowerPSoC, OvationONS, PSoC 3 and PSoC 5, Cypress also offers West Bridge peripheral controllers, Universal Serial Bus controllers, general-purpose programmable clocks, and a wide portfolio of static random access memories.