Notable Call Options Activity in Tellabs

Shares of Tellabs

are higher on the session by 0.76%, currently trading at $3.98. The stock has been moving largely lower over the past two weeks and is currently trading below the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the June 2012 $4.00 call, which has traded 2,000 times on open interest of 10,164 contracts. Calls are outpacing puts today by 57 to 1. Tellabs, Inc. is engaged in designing and marketing equipment and services to communications services providers. The company's products and services enable its customers to deliver wireline and wireless voice, data and video services to business and residential customers.