Calls Purchased on Staples

Shares of Staples SPLS are higher on the session by 0.12%, currently trading at $16.03. The stock has been moving largely lower over the past three 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 $17.00 call traded 3,500 times on open interest of 3,453 contracts. Overall call volume is now running at 2.56x the daily average with 88% of all calls traded being purchases on the offer. Staples, Inc., is an office products company. As of January 29, 2011, Staples served customers of all sizes in 26 countries throughout North America, Europe, Australia, South America, and Asia.