Calls Purchased on New York Community Bancorp

Shares of New York Community Bancorp NYB are lower on the session by 0.83%, currently trading at $14.97. The stock has been moving largely higher over the past four months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $16.00 call traded 1,600 times on open interest of 0 contracts. Overall call volume is now running at 5.39x the daily average with 79% of all calls traded being purchases on the offer. New York Community Bancorp, Inc. is a bank holding company and a producer of multi-family mortgage loans in New York City, with an emphasis on apartment buildings that feature below-market rents.