Calls Purchased on Sigma Designs (SIGM)

Shares of Sigma Designs

are higher on the session by 0.56%, currently trading at $11.73. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the January 2011 $12.50 call was purchased 838 times, on the offer, for $0.57 on open interest of 2,487 contracts. Overall call volume is now running at 5.03x the daily average with 76% of all calls traded being purchases on the offer. Sigma Designs, Inc. is a fabless provider of system-on-chip solutions, which are used to deliver multimedia entertainment throughout the home. As of January 30, 2010, the company offered four separate product lines: media processors, home networking solutions, video image processors and home automation solutions.