Market Overview

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.

Posted-In: Long Ideas Technicals Options Tech Trading Ideas

 

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