Calls Purchased on Sonus Networks

Shares of Sonus Networks, Inc. SONS are higher on the session by 3.19%, currently trading at $3.19. The stock has been moving largely lower over the past three months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the October 2011 $3.50 call was purchased 2,500 times, on the offer, on open interest of 6,267 contracts. The Oct $4 call also traded 2,000 times on open interest of 5,050 contracts. Overall call volume is now running at 3.61x the daily average with 60% of all calls traded being purchases on the offer. Sonus Networks, Inc. is a provider of voice, video and data infrastructure solutions for wireline and wireless telephone service providers. The company's products include infrastructure equipment and software that enable voice services to be delivered over Internet protocol (IP) networks.