Calls Purchased on Synaptics Incorporated

Shares of Synaptics Incorporated SYNA are lower on the session by 0.75%, currently trading at $29.16. The stock has been moving largely higher over the past two months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the June 2011 $32.00 call was purchased 2,000 times, on the offer, on open interest of 470 contracts. Overall call volume is now running at 2.07x the daily average with 95% of all calls traded being purchases on the offer. Synaptics Incorporated is a worldwide developer and supplier of custom-designed user interface solutions that enable people to interact and intuitively with a variety of mobile computing, communications, entertainment and other electronic devices.