Notable Call Options Activity in NetLogic Microsystems

Shares of NetLogic Microsystems NETL are higher on the session by 50.33%, currently trading at $47.97. The stock has been moving largely higher over the past three weeks and is currently testing the 50-day moving average. Options traders are focusing on calls today. A short while ago the October 2011 $50.00 call traded 3,700 times on open interest of 127 contracts. Calls are outpacing puts today by 7 to 1. NetLogic Microsystems, Inc. is a semiconductor company that designs, develops and sells processors and high-speed integrated circuits that are used to enhance the performance, functionality and energy efficiency of advanced mobile wireless infrastructure, data center, enterprise, metro Ethernet, edge and core infrastructure networks.