Shares of Office Depot ODP are higher on the session by 1.49%, currently trading at $2.73. 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 January 2012 $3.00 call traded 10,000 times on open interest of 15,144 contracts.
Office Depot, Inc. is a global supplier of office products and services. The company operates in three business segments: North American Retail Division, North American Business Solutions Division and International Division.
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