Calls Purchased on Tekelec (TKLC)
Shares of Tekelec (NASDAQ: TKLC) are higher on the session by 2.53%, currently trading at $13.99. The stock has been trading largely lower over the past three months, following a sharp sell off in early May.
Options traders are buying calls on the stock today, betting that it can rally from current levels. The August $15.00 call was purchased 1,000 times, on the offer, on open interest of 2,127 contracts and the November $15.00 call was purchased 500 times, on the offer, on open interest of 941 contracts.
Call volume is now running at 8.63x the daily average.
Tekelec is a global provider of communication network software and systems that enable its customers to deliver a range of communications services including voice, text messaging, and mobile data services.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.