Calls Purchased on Oclaro, Inc. (OCLR)
Shares of Oclaro, Inc. (NASDAQ: OCLR) are higher on the session by 1.05%, currently trading at $14.48. The stock has been moving largely higher over the past two months following a sharp slide lower in October. It 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 February 2011 $15.00 call was purchased 1,100 times, on the offer, on open interest of only 94 contracts. This signals new positioning on the name.
Overall call volume is now running at 6.15x the daily average with 89% of all calls traded being purchases on the offer.
Oclaro, Inc. is a provider of core optical network components, modules and subsystems to global telecommunications equipment manufacturers. The company operates in two segments: telecom and advanced photonic solutions.
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