Calls Purchased on Applied Materials, Inc. (AMAT)

Shares of Applied Materials, Inc. AMAT are higher on the session by 4.52%, currently trading at $15.26. The stock has been moving largely higher over the past six months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the July 2011 $18.00 call was purchased 5,000 times, on the offer, on open interest of 5,454 contracts. Overall call volume is now running at 2.60x the daily average with 79% of all calls traded being purchases on the offer. Applied Materials, Inc. provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic and related industries. Applied's customers include manufacturers of semiconductor wafers and chips, flat panel liquid crystal displays, solar PV cells and modules, and other electronic devices.