12:10pm (EST) 

Buy Rambus (RMBS, $15.60, up $0.66)

Sell to OPEN September 17 calls (RMBS110917C00017000, $0.65, up $0.20) 

Action:  We are expecting a move past $20 for Rambus over the next month or two.  Buy the stock at current prices and sell the September calls for 65 cents.  This will reduce your cost basis to $14.95.