Shares of Spreadtrum Communications (NASDAQ: SPRD) are lower on the session by 8.12%, currently trading at $25.00. 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 focusing on calls today. A short while ago the December 2011 $25.00 call traded 1,900 times on open interest of 1,014 contracts. The Jan2012 $26.00 call also traded 1,500 times on 105 contracts.
Calls are outpacing puts today by 5 to 1.
Spreadtrum Communications, Inc. is a fabless semiconductor company that designs, develops and markets baseband processor, radio frequency transceiver and turnkey solutions for the wireless communications and mobile television market.
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