Calls Purchased on MELA Sciences, Inc. (MELA)

Shares of MELA Sciences, Inc. MELA are higher on the session by 7.85%, currently trading at $3.41. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the May 2011 $3.50 call was purchased 3,000 times, on the offer, on open interest of 91 contracts. The April $3.00 call is also active. Overall call volume is now running at 2.22x the daily average with 86% of all calls traded being purchases on the offer. MELA Sciences, Inc., formerly Electro-Optical Sciences, Inc., is a medical device company focused on the design, development and commercialization of a non-invasive, point-of-care (in the doctor's office) instrument to assist in the early diagnosis of melanoma.