Calls Purchased on Gigamedia LTD (GIGM)

Shares of Gigamedia LTD

are higher on the session by 1.38%, currently trading at $2.20. The stock has been trading largely lower over the past six months, but has been garnering some bids as of late. Options traders are buying calls on the name today. The July $2.50 call was purchased 2,500 times, on the offer, for $0.05 on open interest of 27,151 contracts. Call volume is now running at 4.16x 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. GigaMedia operates its gaming software and services through Cambridge Entertainment Software Limited, its wholly owned subsidiary.