Trader Adds to Call Position in GigaMedia (GIGM)

Shares of GidaMedia LTD

are higher on the session by 1.63%, currently trading $2.50. The stock has been falling as of late and is trading firmly below the 50-day and 200-day moving averages. I am seeing call buying on the name today with the July $2.50 call purchased on the offer 2,500 times. The trade went off for $0.35; open interest on the strike is currently 27,145 contracts. Call volume in the name is running at 2.07x the daily average. GigaMedia Limited is a provider of gaming software and services to the online gaming industry, particularly the online poker and casino markets, and an operator of online games.