Calls Purchased on MaxLinear (MXL)
August 30, 2010 2:20 PM
Shares of MaxLinear, Inc. (NYSE: MXL) are lower on the session by 2.06%, currently trading at $11.89. The stock has been moving largely lower over the past five months, off from a recent high near $18.00.
Options traders are betting that the stock may be at a short-term bottom. The December and March 2011 $12.50 calls were each purchased over 1,200 times, on the offer, a short while ago; volume exceeded open interest on the March strike, but not on the December strike.
Call volume is now running at 12x the daily average with 80% of all calls traded being purchases on the offer.
MaxLinear, Inc. is a provider of integrated radio-frequency analog and mixed-signal semiconductor solutions for broadband communications applications. The company's RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.
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