Calls Purchased on Novellus Systems, Inc. (NVLS)

Shares of Novellus Systems, Inc. NVLS are higher on the session by 1.94%, currently trading at $36.74. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the April 2011 $37.00 call was purchased 2,500 times, on the offer, on open interest of 706 contracts. Overall call volume is now running at 2.47x the daily average with 99% of all calls traded being purchases on the offer. Novellus Systems, Inc., together with its subsidiaries, develops, manufactures, sells and supports equipment used in the fabrication of integrated circuits, commonly called chips or semiconductors.