Notable Call Options Activity in SAP

Shares of SAP SAP are higher on the session by 3.16%, currently trading at $52.84. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are focusing on calls today. A short while ago the September 2011 $55.00 call traded 525 times on open interest of 143 contracts. Calls are outpacing puts today 5 to 1. SAP AG is engaged in enterprise applications in terms of software and software-related service revenue. The company's core business is selling licenses for software solutions and related services to deliver a range of choices fitting the varying functional needs of its customers.