Market Overview

Calls Purchased on Xyratex Ltd. (XRTX)

Shares of Xyratex Ltd. (NASDAQ: XRTX) are higher on the session by 5.82%, currently trading at $12.37. The stock has been moving largely lower over the past six months and is trading below the 50-day moving average.

Options traders are buying calls on the name today, betting that the stock may be at a short-term bottom. Though action has been primarily in small lots, call volume is running at 4x the daily average with 85% of all calls traded being purchases on the offer.

Traders are buying the $10.00, $12.50, and $15.00 strikes in multiple months.

Xyratex Ltd. is a provider of modular enterprise-class data storage solutions and storage process technology. It designs, develops and manufactures technology that provides its customers with data storage products to support storage and data communication networks.

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Posted-In: Long Ideas Technicals Options Trading Ideas

 

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