Notable Call Options Activity in Fairchild Semiconductor

Shares of Fairchild Semiconductor

are lower on the session by 4.21%, currently trading at $11.59. 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 November 2011 $11.00 call traded 2,600 times on open interest of 1,245 contracts. The Nov2011 $12.00 call also traded 2,500 times on 1,260 contracts. Calls are outpacing puts today by 20 to 1.