Bulls Buying Calls on Xilinx, Inc. (XLNX)
May 04, 2011 10:28 AM
Shares of Xilinx, Inc. (NASDAQ: XLNX) are higher on the session by 0.75%, currently trading at $35.14. 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 May 2011 $36.00 call was purchased 3,400 times, on the offer, on open interest of only 647 contracts.
Overall call volume is now running at 2.76x the daily average with 70% of all calls traded being purchases on the offer.
Xilinx, Inc. designs, develops and markets programmable platforms. These programmable platforms have components that include integrated circuits in the form of programmable logic devices; software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property cores. In addition to its programmable platforms, Xilinx provides design services, customer training, field engineering and technical support.
