Calls Purchased on Flextronics International
Shares of Flextronics International (NASDAQ: FLEX) are higher on the session by 2.52%, currently trading at $6.30. The stock has been moving largely lower over the past five months and is currently trading below the 50-day moving average.
Options traders are buying calls on the name today. A short while ago the August 2011 $7.00 call traded 1,600 times on open interest of 716 contracts. Overall call volume is now running at 3.91x the daily average with 90% of all calls traded being purchases on the offer.
Flextronics International Ltd. is a global provider of vertically integrated advanced design and electronics manufacturing services to original equipment manufacturers.
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