Notable Call Options Activity in Blue Coat Systems

Shares of Blue Coat Systems BCSI are higher on the session by 4.07%, currently trading at $15.36. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on calls today. A short while ago the October 2011 $19.00 call traded 2,000 times on open interest of 870 contracts. The Oct2011 $18.00 call also traded 1,200 times on 268 contracts. Calls are outpacing puts today by 6 to 1. Blue Coat Systems, Inc. designs, develops and sells proxy and other appliances, and related software and services that secure the delivery of business applications, Web content and other information to distributed users over a wide area network, or across an enterprise's gateway to the public Internet.