Calls Purchased on Verigy Ltd. (VRGY)

Shares of Verigy Ltd. (NASDAQ: VRGY) are higher on the session by 2.71%, currently trading at $8.71. The stock has been moving largely lower over the past five months, off from recent highs near $13.00. The stock is currently below the 50-day moving average.

Options traders seem to think that the stock has bottomed. The September $9.00 call was purchased 1,000 times, on the offer, for $0.45 just moments ago; there is no open interest on the strike.

Call volume is now running at 3.38x the daily average.

Verigy Ltd. designs, develops, manufactures and sells advanced test systems and solutions for the semiconductor industry. The company offers a single platform for each of the general categories of devices being tested.