Calls Purchased on The Wet Seal

Shares of The Wet Seal WTSLA are higher on the session by 1.61%, currently trading at $5.06. The stock has been moving largely higher over the past five months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the August 2011 $5.00 call traded 1,800 times on open interest of 588 contracts. Overall call volume is now running at 48.70x the daily average with 92% of all calls traded being purchases on the offer. The Wet Seal, Inc. is a national specialty retailer operating stores selling fashionable and contemporary apparel and accessory items designed for female customers aged 13 to 35 years old. As of January 30, 2010, it operated 504 retail stores in 47 states, Puerto Rico and Washington D.C.