Shares of LSI LSI are lower on the session by 2.35%, currently trading at $6.65. 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 $7.00 call traded 3,000 times on open interest of 10,230 contracts.
Calls are outpacing puts today by 3,000 to 1.
LSI Corporation designs, develops and markets storage and networking semiconductors and storage systems. It provides silicon-to-system solutions that are used at the core of products that create, store, consume and transport digital information.
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