Call Volume Grows on Varian Semi (VSEA)

Shares of Varian Semiconductor Equipment VSEA are higher on the session by 3.94%, currently trading at $32.46. The stock has been gyrating lower over the past three months, but has managed to hold the 50-day and 20-day moving averages in recent trading. Options traders are picking up calls on the name today, though the action has come primarily in small lots. Call volume is now running at 3.16x the daily average. Traders are focusing in on the $30 and $35 calls in multiple months. Varian Semiconductor Equipment Associates, Inc. is a supplier of ion implantation systems used in the fabrication of integrated circuits. The Company designs, manufactures, markets and services semiconductor processing equipment for semiconductor manufacturers, in the United States, Europe and Asia Pacific.