Calls Purchased on Cadence Design Systems

Shares of Cadence Design Systems CDNS are higher on the session by 0.61%, currently trading at $9.84. The stock has been moving largely higher over the past five months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the February 2012 $13.00 call traded 2,000 times on open interest of 0 contracts. Overall call volume is now running at 39.41x the daily average with 100% of all calls traded being purchases on the offer. Cadence Design Systems, Inc. develops electronic design automation, software, hardware, and silicon intellectual property. Cadence licenses software and IP, sells or leases hardware technology and provides engineering and education services worldwide to help manage and accelerate electronics product development processes.