Calls Purchased on Xyratex Ltd. (XRTX)

Shares of Xyratex Ltd. (NASDAQ: XRTX) are higher on the session by 5.82%, currently trading at $12.37. The stock has been moving largely lower over the past six months and is trading below the 50-day moving average. Options traders are buying calls on the name today, betting that the stock may be at a short-term bottom. Though action has been primarily in small lots, call volume is running at 4x the daily average with 85% of all calls traded being purchases on the offer. Traders are buying the $10.00, $12.50, and $15.00 strikes in multiple months.Xyratex Ltd. is a provider of modular enterprise-class data storage solutions and storage process technology. It designs, develops and manufactures technology that provides its customers with data storage products to support storage and data communication networks.For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.