Calls Purchased on EZchip Semiconductor (EZCH)

Shares of EZchip Semiconductor LTD (NASDAQ: EZCH) are higher on the session by 1.40%, currently trading at $19.92. The stock has been moving largely higher over the past six months and is nearing its 52-week high.

Options traders are buying calls today, betting that the stock could break to new highs. Though action has been primarily in small lots, call volume is running at 4.10x the daily average with 81% of all calls traded being purchases on the offer.

Traders were buying the $20.00 strike in August.

EZchip Semiconductor Ltd. is the holding company of EZchip Technologies Ltd. EZchip Technologies is a fabless semiconductor company that is engaged in the development and marketing of Ethernet network processors for networking equipment.