Shares of Atmel ATML are lower on the session by 1.57%, currently trading at $9.40. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.
Options traders are buying calls on the name today. A short while ago the November 2011 $14.00 call traded 7,000 times on open interest of 9,315 contracts.
Overall call volume is now running at 3.36x the daily average with 98% of all calls traded being purchases on the offer.
Atmel Corporation is engaged in designing, developing and supply of microcontrollers. The company offers a portfolio of touch products, which integrate its microcontrollers with touch-focused property.
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