Upside Purchased on Triquint Semi (TQNT)

Shares of Triquint Semiconductor Inc. TQNT are lower on the session by 0.15%, currently trading at $6.58. The stock has been moving lower over the past three months and is making lower lows and lower highs, which is a bearish sign. Options traders are positioning for an upside move, though. The November $5 call was purchased, on the offer, 2,000 times today. The calls were bought for $2.10 on open interest of 3,794 contracts. Call volume is now running at 2.39x the daily average. TriQuint Semiconductor, Inc. is a supplier of modules, components and foundry services to communications companies. The Company offers different radio frequency (RF) and other intermediate frequency products that address three markets: handsets, networks and military systems.