Calls Purchased on IAC/InterActiveCorp

Shares of IAC/InterActiveCorp IACI are higher on the session by 2.14%, currently trading at $42.94. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the September 2011 $50.00 call traded 500 times on open interest of 18 contracts. Overall call volume is now running at 3.47x the daily average with 88% of all calls traded being purchases on the offer. IAC/InterActiveCorp. is an Internet company with more than 50 brands serving consumer audiences across more than 30 countries. The company operates in four business segments: Search, Match, ServiceMagic and Media and Other Businesses.