Calls Purchased on Polycom, Inc. (PLCM)

Shares of Polycom, Inc. (NASDAQ: PLCM) are higher on the session by 1.63%, currently trading at $38.62. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.

Options traders are buying calls on the name today. A short while ago the December $37.50 call was purchased 1,000 times, on the offer, on open interest of only 74 contracts. This signals new positioning on the strike.

Overall call volume is now running at 22.99x the daily average with 93% of all calls traded being purchases on the offer.

Polycom, Inc. is a provider of unified communications solutions that enable enterprise government, education, and healthcare customers to collaborate. The company operates in three business segments: Video Communications Solutions, Voice Communications Solutions, and Services.

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Article source: http://www.benzinga.com/trading-ideas/long-ideas/10/12/666936/calls-purchased-on-polycom-inc-plcm