Unusual Call Activity in OmniVision Technologies
OmniVision Technologies (Nasdaq: OVTI), a designer, developer, and marketer of semiconductor image-sensor devices worldwide, has seen the September 15 calls being accumulated throughout the first half of Wednesday's session. More than 6,000 contracts have changed hands with the largest block being 2,000 contracts trading on the offer of $0.50.
Total call volume so far today has surpassed 12,000 contracts, more than 3 times the daily average of these Bullish options. OmniVision's shares are tading nearly 6 percent higher today. Today's noted call activity will need the stock to continue this rally and climb another 21 percent by September expiration before these contracts will reap any profits.
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