Calls Purchased on Pitney Bowes

Shares of Pitney Bowes PBI are higher on the session by 0.58%, currently trading at $22.47. The stock has been moving largely lower over the past five months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the August 2011 $23.00 call traded 2,200 times on open interest of 1,993 contracts. Overall call volume is now running at 4.72x the daily average with 85% of all calls traded being purchases on the offer. Pitney Bowes Inc. is a provider of mail processing equipment and integrated mail solutions. The company offers a range of equipment, supplies, software, services and end-to-end solutions, which enable its customers to manage and integrate physical and digital communication channels.