Shares of Applied Micro Circuits Corp. (AMCC) are down 05 to 9.64 today.? AMCC is near the middle of the 52 week range.

Today paper traded 5000 AMCC Jun 10 calls for .70. The ADV is 633 contracts.? The OI is 239 contracts.

The volume went up in one big block marked spread.? It is possible this trade went up with stock but there was not enough size in the option to identify another leg to the trade.? The buyer is looking for a big move, most likely bullish here.? The Jun IV is up 8 points.

30-day implied volatility is 60%.?? 10-day implied volatility is 56%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

Applied Micro Circuits Corporation (AMCC) is a global computing and connectivity solutions for data centers and service providers. The Company operates in two segments: Computing and Connectivity.