Shares of EZchip Semiconductor Ltd. (EZCH) are down .09 to 24.58 today.? EZCH is in the lower end of the 52-week range.
Today paper traded 483 EZCH Jan 26 calls for .70. The ADV is 1171 contracts.? The OI is 2709 contracts.
The volume went up in mid-size blocks on several exchanges lifting the offer.? There is substantial open interest and the stock has just bounced from the 22 handle so the buying looks more like new paper.? The name is too far away to be covering a buy write type position.? IV is up one point so the buyer could be looking for EZCH to make some of the highs of earlier in the year.
30-day implied volatility is 43%.? ?10-day implied volatility is 45%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
EZchip Semiconductor Ltd. is the holding company of EZchip Technologies Ltd. (EZchip Technologies). EZchip Technologies is a fabless semiconductor company that is engaged in the development and marketing of Ethernet network processors for networking equipment.