Calls Purchased in Guess

Shares of Guess Inc. GES are off by 0.70% today, currently trading $41.43, but one trader is betting that the stock makes a run above $45 in the near term. The May $45 call was purchased on the offer over 2,000 times a short while ago. Open interest on that strike is 3,997 contracts. Call volume in Guess Inc. is running at 2.02x the average daily volume with 94% of all calls traded being purchases on the offer, which signals a general bullish sentiment in the name. Shares of Guess are currently struggling to hold the 200-day moving average. The company is schedule to report earnings on May 24th.