Kulicke & Soffa Industries has some great-looking numbers, and upside option activity gained pace yesterday afternoon.
OptionMonster's tracking systems detected the purchase of 2,100 January 11 calls in two blocks at the same second for $0.30. The volume was above the open interest of 1,797 contracts at the start of the session, so this is fresh buying.
Calls lock in the price where investors can buy shares and can generate some nice leverage if the stock rallies. But these options will expire worthless if it doesn't move.