Calls Heavily Favored on Acme Packet (APKT)

Shares of Acme Packet, Inc.

are higher in the session by 2.99%, currently trading at $39.99. Shares spiked earlier in the session, hitting an intra-day high of $40.44; the stock is now just 4.6% from making a fresh 52-week high. Calls are in heavy demand on Acme today. Mid way through the session, 5,000 calls have already been traded versus only 668 puts. The majority of this action is concentrated on the November $37.50, $42.50, and $45.00 calls, each of which seeing over 1,000 contracts traded. Volume eclipsed open interest on all three strikes, indicating new positioning. Acme Packet, Inc., incorporated on August 3, 2000, provides session border controllers that enable service providers, enterprises, government agencies and contact centers to deliver interactive communications, such as voice, video and other real-time multimedia sessions, across Internet protocol network borders.