Calls Purchased on UBS

Shares of UBS UBS are higher on the session by 3.53%, currently trading at $17.59. 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 $18.00 call traded 1,000 times on open interest of 1,511 contracts. Overall call volume is now running at 2.51x the daily average with 81% of all calls traded being purchases on the offer. UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis. UBS AG is the parent company of the UBS Group.