Calls Purchased on TIBCO Software Inc.

Shares of TIBCO Software Inc. TIBX are higher on the session by 0.27%, currently trading at $26.21. The stock has been moving largely lower over the past six weeks 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 June 2011 $26.00 call was purchased 1,000 times, on the offer, on open interest of 44 contracts. Overall call volume is now running at 2.14x the daily average with 70% of all calls traded being purchases on the offer. TIBCO Software Inc. is an independent provider of middleware and infrastructure software. The company's standards-based software offerings enable customers to create configurable applications from software infrastructure and deliver real-time insights.