Calls Purchased on Sequenom, Inc. (SQNM)

Shares of Sequenom, Inc. SQNM are higher on the session by 3.74%, currently trading at $8.04. The stock has been moving largely higher over the past three 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 June 2011 $8.00 call was purchased 2,000 times, on the offer, on open interest of 3,735 contracts. Overall call volume is now running at 4.38x the daily average with 62% of all calls traded being purchases on the offer. Sequenom, Inc. is a diagnostic testing and genetics analysis company. The company is focused on providing products, services, diagnostic testing, applications and genetic analysis products that translate the results of genomic science into solutions for biomedical research, translational research, molecular medicine applications, and agricultural, livestock and other areas of research.