Calls Purchased on Novellus Systems, Inc. (NVLS)

Shares of Novellus Systems, Inc. NVLS are higher on the session by 6.53%, currently trading at $35.07. The stock has been moving largely lower over the past three months, though it is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the May $35.00 call was purchased 3,600 times, on the offer, on open interest of 680 contracts. Overall call volume is now running at 10.57x the daily average with 71% 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.