Calls Purchased on Silicon Laboratories

Shares of Silicon Laboratories SLAB are lower on the session by 0.70%, currently trading at $33.92. 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 January 2012 $35.00 call traded 1,300 times on open interest of 149 contracts. Overall call volume is now running at 7.24x the daily average with 70% of all calls traded being purchases on the offer. Silicon Laboratories Inc. designs and develops analog-intensive, mixed-signal integrated circuits for a range of applications.