Calls Purchased on QLogic Corporation
June 17, 2011 3:26 PM
Shares of QLogic Corporation (NASDAQ: QLGC) are lower on the session by 1.99%, currently trading at $15.23. The stock has been moving largely lower over the past five weeks and is currently trading below the 200-day moving average.
Options traders are buying calls on the name today. A short while ago the January 2012 $17.50 call was purchased 10,000 times, on the offer, on open interest of 930 contracts.
Overall call volume is now running at 8.01x the daily average with 97% of all calls traded being purchases on the offer.
QLogic Corporation designs and supplies network infrastructure connectivity products that provide, enhance and manage computer data communication. These products facilitate the transfer of data and enable resource sharing between servers and storage devices.
