Calls Purchased on Shanda Interactive Entertainment (SNDA)

Shares of Shanda Interactive Entertainment SNDA are higher on the session by 7.80%, currently trading at $47.39. The stock has been moving largely higher over the past five months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. Though action has been primarily in small lots, overall call volume is now running at 6.47x the daily average with 78% of all calls traded being purchases on the offer. Call volume is concentrated in the front month. Shanda Interactive Entertainment Limited is an interactive entertainment media company, offering a range of entertainment content to user base and an integrated service platform.