Notable Call Options Activity in Tellabs

Shares of Tellabs

are lower on the session by 0.74%, currently trading at $4.00. The stock has been moving largely higher over the past three weeks 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 April 2012 $4.00 call, which has traded 2,390 times on open interest of 1,965 contracts. Calls are outpacing puts today by 16 to 1. Tellabs, Inc. is engaged in designing and marketing equipment and services to communications services providers.