Calls Purchased on FalconStor Software (FALC)

Shares of FalconStor Software

are higher on the session by 3.40%, currently trading at $4.87. The stock has been moving largely higher over the past four months, and is currently trading above the 50-day and 200-day moving average. Options traders are buying calls on the name today. A short while ago the August 2011 $5.00 call was purchased 1,000 times, on the offer, on open interest of 65 contracts. Overall call volume is now running at 62.81x the daily average with 100% of all calls traded being purchases on the offer. FalconStor Software, Inc. is a provider of disk-based data protection. The company delivers data protection solutions that facilitate the availability of business-critical data.