Notable Call Options Activity in Silicon Motion Technology
By Michael J. Zerinskas
February 08, 2012 12:13 PM
February 08, 2012 12:13 PM
Shares of Silicon Motion Technology (NASDAQ: SIMO) are higher on the session by 6.54%, currently trading at $20.20. The stock has been moving largely higher over the past three months, but it is currently trading below the 50-day moving average.
Options traders are focusing on calls today. The strike seeing the heaviest volume is the February 2012 $20.00 call, which has traded 2,000 times on open interest of 689 contracts.
Calls are outpacing puts today by 19 to 1.
Silicon Motion Technology Corporation is a fabless semiconductor company that designs, develops and markets semiconductor solutions for the multimedia consumer electronics market.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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