Notable Call Options Activity in MIPS Technologies

Shares of MIPS Technologies (NASDAQ: MIPS) are higher on the session by 6.23%, currently trading at $6.65. 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 March 2012 $7.00 call, which has traded 1,400 times on open interest of 75 contracts. The Apr2012 $7.00 call also traded 1,180 times on 697 contracts.

Calls are outpacing puts today by 181 to 1.

MIPS Technologies, Inc., incorporated in June 1992, is a provider of industry-standard processor architectures and cores for digital home, networking and mobile applications.