Calls Purchased on Vecco Industries (VECO)

Shares of Vecco Industries Inc. VECO are lower on the session by 0.24%, currently trading $38.08. The stock has been drifting lower for the past four weeks, but appears to have found support near the 200-day moving average. Calls are being bought on the name, betting that an upside move is in the cards. The June $40 call was purchased 1,100 times today, in addition to 4,120 of the June $45 calls purchased. Volume matched and/or exceeded open interest on each strike, indicating new, bullish positioning. Call volume is running at 2.03x the daily average. Veeco Instruments Inc. designs, manufactures, markets and services enabling solutions for customers in the high brightness light emitting diode (HB LED), solar, data storage, scientific research, semiconductor and industrial markets.