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Shares of Flextronics International
FLEX are higher on the session by 1.94%, currently trading at $7.35. 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 July 2012 $8 call, which has traded 570 times on open interest of 1,133 contracts. The Oct2012 $8 call also traded 500 times on 19 contracts.
Calls are outpacing puts today by 125 to 1.
Flextronics International Ltd. is a global provider of vertically integrated advanced design and electronics manufacturing services to original equipment manufacturers.
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