Andrea Kramer (akramer@sir-inc.com) Call buyers have bombarded Atmel Corporation (ATML) today, after the shares of the semiconductor concern soared to yet another new high, topping out at $12.68. Around midday, the stock has already seen roughly 4,750 calls cross the tape ? about 11 times its predicted single-session call volume, and close to 12 times the number of ATML puts exchanged.
Most of the speculators have centered on the February series of options, with the stock's out-of-the-money 15 and 16 strikes garnering the bulk of the attention. More specifically, the equity's February 16 call has seen about 2,200 contracts change hands on open interest of fewer than 200, pointing to new positions. In the same vein, the February 15 call has seen 1,000 contracts exchanged on open interest of fewer than 400. What's more, nearly all of the longer-term calls have traded at the ask price, hinting at freshly purchased bullish bets.
From a broader sentiment standpoint, though, today's affinity for optimistic positions is just more of the same for ATML. The stock's 10-day call/put volume ratio on the International Securities Exchange (ISE) rests at a call-heavy 108.92, which registers in the 89th percentile of its annual range. In other words, traders on the ISE have bought to open ATML calls over puts at a quicker step just 11% of the time during the past year.
At last check, the shares of ATML have retreated from their fresh high, giving up 0.1% to explore the $12.30 neighborhood.
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