Calls Purchased on Charming Shoppes

Shares of Charming Shoppes CHRS are higher on the session by 0.45%, currently trading at $4.46. The stock has been moving largely higher over the past two months and is currently consolidating above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the August 2011 $5.00 call traded 1,000 times on open interest of 1,501 contracts. Overall call volume is now running at 13.20x the daily average with 100% of all calls traded being purchases on the offer. Charming Shoppes, Inc. is a multi-brand, specialty apparel retailer with a market share in women's plus-size specialty apparel. Its business operations consisted primarily of three distinct core brands: LANE BRYANT, FASHION BUG, and CATHERINES PLUS SIZES.