Calls Purchased on Applied Micro Circuits

Shares of Applied Micro Circuits AMCC are lower on the session by 0.71%, currently trading at $8.36. The stock has been moving largely lower over the past three months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the November 2011 $10.00 call traded 1,500 times on open interest of 180 contracts. Overall call volume is now running at 34.09x the daily average with 100% of all calls traded being purchases on the offer. Applied Micro Circuits Corporation provides semiconductor solutions for the enterprise, telecom and consumer/small medium business markets