Calls Purchased on Rubicon Technology (RBCN)

Shares of Rubicon Technology, Inc. RBCN are higher on the session by 8.13%, currently trading at $24.34. The stock has been moving largely lower over the past four months, recently braking below the 50-day and 200-day moving averages. Shares are retesting the level now. Options traders are buying calls on the name today. A short while ago the November $25.00 call was purchased 3,000 times, on the offer, on open interest of 2,267 contracts. Overall call volume is now running at 3.93x the daily average with 93% of all calls traded being purchases on the offer. Rubicon Technology, Inc. is an electronic materials provider, which develops, manufactures and sells monocrystalline sapphire and other crystalline products for light-emitting diodes, radio frequency integrated circuits, blue laser diodes, optoelectronics and other optical applications.