Calls Purchased on Taiwan Semiconductor (TSM)

Shares of Taiwan Semiconductor (NYSE: TSM) are lower on the session by 1.06%, currently trading at $12.08. The stock has been moving largely lower over the past two months and is currently consolidating between the 50-day and 200-day moving averages.

Options traders are buying calls on the name today. A short while ago the July 2011 $12.50 call was purchased 2,800 times, on the offer, on open interest of 18,527 contracts.

Overall call volume is now running at 2.95x the daily average with 95% of all calls traded being purchases on the offer.

Taiwan Semiconductor Manufacturing Co., Ltd. is a Taiwan-based company principally engaged in the research, development, manufacture and distribution of integrated circuit (IC) related products.