In-The-Money Calls Active on STEC, Inc. (STEC)

Shares of STEC, Inc. (NASDAQ: STEC) are higher on the session by 4.43%, currently trading at $20.27. The stock has been moving largely sideways over the past four 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 August 2011 $18.00 call was purchased 7,000 times, on the offer, on open interest of only 64 contracts.

Overall call volume is now running at 3.81x the daily average with 77% of all calls traded being purchases on the offer.

STEC, Inc. is a global provider of enterprise-class Flash-based solid-state drives that are designed for enterprise-class hardware that companies use to retain and access their critical data.