NetLogic Attracting Curious Call Buying (NETL)

Shares of NetLogic Microsystems, Inc. (NASDAQ: NETL) are rallying this morning, currently higher by 0.33%, trading at $27.19. Shares hit a high of $27.76 earlier in the session.

There has been some chatter that Oracle (NASDAQ: PRCL) is taking a look at the name and this is reflected in the options market today. Right after the opening bell, the November $25.00, $26.00, and $30.00 calls all traded 1,000+ contracts. Volume exceeded open interest on the $25 and $30 strikes.

4,000 calls have traded so far versus only 515 puts.

NetLogic Microsystems, Inc., is a semiconductor company that designs, develops and sells processors and integrated circuits that are used by original equipment manufacturers in routers, switches, wireless infrastructure equipment, network security appliances, datacenter servers, network access equipment and network storage devices to accelerate the delivery of voice, video, data and multimedia content for advanced enterprise, datacenter, communications and mobile wireless networks.

For more expert research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.