Relative Call Volume Explodes on U.S. Global Investors, Inc. (GROW)

Shares of U.S. Global Investors, Inc. GROW are higher on the session by 9.07%, currently trading at $9.87. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the September 2011 $12.50 call was purchased 600 times, on the offer, on open interest of 20 contracts. Overall call volume is now running at 315.75x the daily average with 86% of all calls traded being purchases on the offer. U.S. Global Investors, Inc., along with its subsidiaries, is engaged in the business of providing investment advisory and other services to U.S. Global Investors Funds, a statutory trust, as well as offshore clients.