This morning a trader sold 620 KLIC Apr $13 calls for $3.40 (paid $1.65 on January 5th) and bought the Apr $15 calls for $1.60 each. On average just 155 calls trade per day.
Shares of the 1.3B semiconductor equipment are nearing a breakout above the $16.50 level, following the FSL/NXPI merger news. The stock isn't expensive either at a P/E ratio of 15.98x (2015 estimates) with 27.2% EPS growth, P/S ratio of 2.06x, and a P/B ratio of 1.55x. Revenue is projected to grow in the double digit range for the foreseeable future. On January 29th, B Riley raised their price target to $18 from $17.50.