Notable Call Options Activity in Cadence Design Systems

Shares of Cadence Design Systems CDNS are higher on the session by 3.27%, currently trading at $9.16. 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 $8.00 call traded 1,000 times on open interest of 1,033 contracts. Calls are outpacing puts today 200 to 1. Cadence Design Systems, Inc. develops electronic design automation, software, hardware, and silicon intellectual property. Cadence licenses software and IP, sells or leases hardware technology and provides engineering and education services worldwide to help manage and accelerate electronics product development processes.