Calls Purchased on Infinera Corporation (INFN)
Shares of Infinera Corporation (NASDAQ: INFN) are higher on the session by 5.01%, currently trading at $8.59. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving average.
Options traders are buying calls on the name today. A short while ago the April 2011 $9.00 call was purchased 2,900 times, on the offer, on open interest of 3,243 contracts.
Overall call volume is now running at 2.29x the daily average with 78% of all calls traded being purchases on the offer.
Infinera Corporation is a provider of optical networking systems based on Photonic Integration technology. It provides products across the entire range of multi-wavelength optical communications applications, from metro access and metro core through long-haul and submarine transmission.
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