Calls Purchased on Blue Coat Systems (BCSI)
January 27, 2011 11:40 AM
Shares of Blue Coat Systems (NASDAQ: BCSI) are higher on the session by 1.47%, currently trading at $28.92. The stock has been moving largely higher over the past five months and it is currently trading above the 200-day moving average.
Options traders are buying calls on the name today. A short while ago the February 2011 $28.00 call was purchased 1,800 times, on the offer, on open interest of only 430 contracts. This signals new positioning on the strike.
Overall call volume is now running at 2.54x the daily average with 91% of all calls traded being purchases on the offer.
Blue Coat Systems, Inc. designs, develops and sells products and services that secure and optimize the delivery of business applications and other information to distributed users over a wide area network or the public Internet.
