Calls Purchased on Fairchild Semiconductor

Shares of Fairchild Semiconductor FCS are lower on the session by 3.13%, currently trading at $16.07. The stock has been moving largely lower over the past three months and it is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the August 2011 $19.00 call traded 2,600 times on open interest of 586 contracts. Overall call volume is now running at 3.14x the daily average with 94% of all calls traded being purchases on the offer. Fairchild Semiconductor International, Inc. is focused on developing, manufacturing and selling power analog, power discrete and certain non-power semiconductor solutions to a range of end market customers.