Calls Active as Mellanox Pops (MLNX)

Shares of Mellanox Technologies, Ltd. MLNX are higher on the session by 11.40%, currently trading at $20.18. The stock has been moving largely sideways since a sharp drop in July, but has been garnering bull support as of late. The stock looks like it wants to fill the gap, up to ~$23.00. Options traders are betting on upside for the shares as well. Earlier in the session the October $20.00 call was purchased 1,700 times, on the offer, on no open interest. Call volume is now running at 4.77x the daily average, 77% on the offer. 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. For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.