Calls Purchased on Total System Services

Shares of Total System Services TSS are higher on the session by 1.06%, currently trading at $18.98. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $20 call traded 1,600 times on open interest of 2,980 contracts. Overall call volume is now running at 31.00x the daily average with 100% of all calls traded being purchases on the offer. Total System Services, Inc. is a global payment solutions provider. The company provides services to financial and non-financial institutions. The services it provided were divided into three segments: North America Services, International Services and Merchant Services.