Notable Call Options Activity in Cypress Semiconductor

Shares of Cypress Semiconductor CY are lower on the session by 1.14%, currently trading at $15.99. 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 focusing on calls today. A short while ago the September 2011 $18.00 call traded 3,000 times on open interest of 8,294 contracts. Calls are outpacing puts today 7 to 1. Cypress Semiconductor Corporation is a supplier of programmable solutions in systems. In addition to its programmable system-on-chip platform based programmable solutions.