EZchip Semiconductor Ltd (EZCH) is a company that develops semiconductors for networking equipment. The stock closed today’s trading session at $29.07 and has been trading in a 52 week range of $21.25-$32.79. The stock rallied 16% during today’s session, bringing year to date gains up to 18.12%. The options market telegraphed the move well as there was a flurry of bullish options activity right before the stocks move higher. Late in the session a trader bought 2,244 EZCH Apr 30 Calls for $0.35. Large blocks of the Mar 27calls also hit the tape and shortly after the stock moved higher by over $1.00. This call buying represented volume nearly 10 times the average daily option volume in EZCH. At the close the Apr 30 calls were trading at $1.30 meaning this trader profited over $200,000 in less than 20 minutes. After hours trading is seeing the stock higher still as this options activity fuels speculation that news or a major event may be in EZCH’s future.