Calls Purchased on Tessera Technologies

Shares of Tessera Technologies TSRA are lower on the session by 0.93%, currently trading at $16.01. The stock has been moving largely lower over the past five months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. Though action has been primarily in small lots, overall call volume is now running at 9.78x the daily average with 100% of all calls traded being purchases on the offer. Tessera Technologies, Inc. develops, licenses and manufactures technologies in two areas: Micro-electronics, and Imaging & Optics. The company's Micro-electronics include semiconductor packaging technologies consisting of interconnect and substrates, and thermal management technology. Its Imaging & Optics, including wafer-level packaging, wafer-level optics, image enhancement technologies and micro-optics.