LSI Logic (LSI, news, chart) is seeing bullish order flow ahead of a presentation at the Kaufman Brothers Technology Conference, which begins on September 3 and lasts through the 5th. Shares are trading down 37 cents to $6.69 amid a broader decline in the technology sector Friday. In the options market, volume in LSI is running 4 times the usual. 8,400 calls and 3,900 puts have traded so far. The October 7.5 calls and the January 7.5 calls are among the most actives. More than 7,500 have traded combined, with less than 1 percent of today’s volume trading offerside. At the same time, another 3,350 October 7.5 puts traded, with 95 percent htting on the offer. Therefore, there seems to be premium buying in both puts and calls, but with traders leaning a little bit more on the bullish side Friday. Implied volatility is up 7 percent and moving to the mid 40s.