Calls Purchased on Mellanox Technologies (MLNX)

Shares of Mellanox Technologies, Ltd. MLNX are lower on the session by 0.74%, currently trading at $16.78. The stock has been moving largely sideways for the past two months after a sharp move lower on high volume. Options traders are betting that the stock may be able to rally now. Though action have been primarily in small lots, call volume is now running at 4.20x the daily average with 84% of all calls traded being purchases on the offer. Traders are buying the $16.00, $17.50, and $19.00 strikes in multiple months. Mellanox Technologies, Ltd. is a supplier of semiconductor-based, high-performance connectivity products that facilitate data transmission between servers, communications infrastructure equipment and storage systems. The company's products focus on computing, storage and communication applications used in enterprise data centers, high-performance computing and embedded systems. In addition to supporting InfiniBand, its products also support the industry standard Ethernet interconnect specification.