Market Overview

Calls Purchased on Micrel, Incorporated (MCRL)

Shares of Micrel, Incorporated (NASDAQ: MCRL) are higher on the session by 2.53%, currently trading at $14.18. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.

Options traders are buying calls on the name today. A short while ago the March 2011 $15.00 call was purchased 1,000 times, on the offer, on open interest of 10 contracts.

Overall call volume is now running at 87.58x the daily average with 98% of all calls traded being purchases on the offer.

Micrel, Incorporated designs, develops, manufactures and markets a range of high-performance analog power integrated circuits, mixed-signal and digital ICs. The company ships over 3,000 standard products and has derived the majority of its product revenue during the year ended December 31, 2009 from sales of standard analog and high speed communications ICs.

Posted-In: Long Ideas Technicals Options Trading Ideas

 

Related Articles (MCRL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters