Bulls Betting on Affymetrix, Inc. (AFFX)

Shares of Affymetrix, Inc. AFFX are higher on the session by 3.36%, currently trading at $5.84. The stock has been moving largely higher over the past five 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 June 2011 $5.00 call was purchased 2,100 times, on the offer, on open interest of 85 contracts. Overall call volume is now running at 35.89x the daily average with 98% of all calls traded being purchases on the offer. Affymetrix, Inc. develops, manufactures and sells products and services for genetic analysis to the life science research and clinical healthcare markets. The company offers a line of products for two principal applications: genotyping and gene expression.