Shares of Entropic Communications, Inc. ENTR are higher on the session by 2.36%, currently trading at $9.10. The stock has been moving largely higher over the past five weeks and is currently trading above the 200-day moving average.
Options traders are buying calls on the name today. A short while ago the August 2011 $10.00 call traded 800 times on open interest of 7,574 contracts.
Overall call volume is now running at 2.15x the daily average with 77% of all calls traded being purchases on the offer.
Entropic Communications, Inc. is a semiconductor company. Entropic designs, develops and markets systems solutions to enable connected home entertainment.
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