Calls Purchased on KLA-Tencor (KLAC)

Shares of KLA-Tencor Corp. KLAC are higher on the session by 3.60%, currently trading at $30.78. The stock has been moving largely higher over the past two weeks and is trying to regain the 50-day and 200-day moving averages. Options traders are buying calls on the name today. The August $31.00 call was purchased on the offer, 6,400 times, a short while ago. Open interest on the strike is only 321 contracts, signaling new, bullish positioning on the name. Call volume is now running at 5.5x the daily average. KLA-Tencor Corporation is a supplier of process control and yield-management solutions for the semiconductor and related nanoelectronics industries. Its products are also used in a number of other industries, including light emitting diode and data storage manufacturing, data storage, solar process development and control, and general materials research.