Calls Purchased on Atmel

Shares of Atmel ATML are higher on the session by 2.07%, currently trading at $9.85. The stock has been moving largely lower over the past three 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 November 2011 $13.00 call traded 1,400 times on open interest of 2,029 contracts. Overall call volume is now running at 3.31x the daily average with 97% of all calls traded being purchases on the offer. Atmel Corporation is engaged in designing, developing and supply of microcontrollers.