Notable Call Options Activity in Applied Micro Circuits

Shares of Applied Micro Circuits

are higher on the session by 1.22%, currently trading at $7.46. The stock has been moving largely lower over the past three weeks and is currently testing the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the May 2012 $7.50 call, which has traded 1,248 times on open interest of 1,249 contracts Calls are outpacing puts today by 1,000 to 1. Applied Micro Circuits Corporation provides semiconductor solutions for the enterprise, telecom and consumer/small medium business markets.