Calls Purchased on Triquint Semiconductor (TQNT)

Shares of Triquint Semiconductor

are higher on the session by 3.49%, currently trading at $6.82. The stock has been gyrating lower over the past three months, struggling to maintain the 200-day moving average. Options traders are picking up calls on the name today, betting that the stock will hold the 200-day. The November $5.00 call was purchased 2,250 times, near the offer, for $2.25. Open interest on the strike was 6,963 contracts. Call volume is running at 2.30x the daily average. TriQuint Semiconductor, Inc. is a supplier of modules, components and foundry services to communications companies. The Company offers different radio frequency and other intermediate frequency products that address three markets: handsets, networks and military systems.