Notable Call Options Activity in Glu Mobile

Shares of Glu Mobile

are higher on the session by 7.85%, currently trading at $4.26. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the March 2012 $5.00 call, which has traded 1,590 times on open interest of 6,905 contracts. Calls are outpacing puts today by 53 to 1. Glu Mobile Inc. designs, markets and sells mobile games. The company has developed and published a portfolio of casual and traditional games for a cross section of the users of smartphones and tablet devices who purchase its games through direct-to-consumer digital storefronts, as well as users of feature phones served by wireless carriers and other distributors.