Calls Purchased on Xilinx (XLNX)

Shares of Xilinx Inc. (NASDAQL XLNX) are lower on the session by 1.23%, currently trading $24.65. The stock fell hard in May, but has held the 200-day moving average. Calls are being bought on the name today; the June $24 call traded 3,300 times on open interest of 1,684 contracts, in addition to the June $26 call being traded 1,000 times on open interest of 3,426 contracts. Call volume is running at 5.55x the daily average, though only 40% of all calls traded have been purchases on the offer. Xilinx, Inc. designs, develops and markets programmable platforms. These programmable platforms have components that include integrated circuits (ICs) in the form of programmable logic devices (PLDs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP) cores.