Calls Purchased on Synopsys

Shares of Synopsys SNPS are higher on the session by 0.16%, currently trading at $24.38. The stock has been moving largely lower over the past five months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the March 2011 $30.00 call traded 1,400 times on open interest of 0 contracts. Overall call volume is now running at 87.00x the daily average with 95% of all calls traded being purchases on the offer. Synopsys, Inc. is engaged in providing technology solutions used to develop electronics and electronic systems. It supplies the electronic design automation software that engineers use to design, create prototypes for and test integrated circuits, also known as chips.