Calls Purchased on Atmel Corporation (ATML)
December 13, 2010 11:50 AM
Shares of Atmel Corporation (NASDAQ: ATML) are higher on the session by 1.29%, currently trading at $12.57. The stock has been moving largely higher over the past six months and is currently trading well above the 50-day and the 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the February 2011 $15.00 call was purchased 1,000 times, on the offer, for $0.35 on open interest of only 354 contracts and the Feb $16.00 call was purchased 2,100 times on open interest of 110 contracts. This signals new positioning on the name.
Overall call volume is now running at 2.55x the daily average with 77% of all calls traded being purchases on the offer.
Atmel Corporation designs, develops, manufacture and sells a range of semiconductor integrated circuit products and touch solutions. Its products consist primarily of microcontrollers, advanced logic, mixed-signal, nonvolatile memory, radio frequency and system-level integration semiconductor solutions.
