Netapp (NTAP) shares are rallying, up $2.24 to $52.20, and options on the data storage products maker are actively traded. 12,000 calls and 4,700 puts in NTAP so far. July 52.5 calls, which are now 30-cent OTM, are the most actives. 4,800 have changed hands. July 50s are seeing interest as well. There seems to be a mix of buying and selling in both contracts. The relative strength and heightened activity in Netapp is being attributed to comments at the company’s Analyst Day, which is happening today.

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