Calls Purchased on Smart Modular Technologies (SMOD)

Shares of Smart Modular Technologies SMOD are higher on the session by 4.48%, currently trading at $7.46. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on Smart Modular Technologies today. A short while ago the July 2011 $7.50 call was purchased 2,600 times, on the offer, on open interest of 9,425 contracts. Overall call volume is now running at 4.30x the daily average with 78% of all calls traded being purchases on the offer.