Calls Purchased in Vodafone (VOD)

Shares of Vodafone Group VOD are lower on the session by 1.69% today, currently trading $19.73. The cell phone giant recently broke through the 50-day and 200-day moving averages to the downside, which is a bearish sign. Some options traders are betting that the slide may be over and are buying calls. The January 2011 $22.50 call was just purchased 5,700 times on the offer for $0.80; open interest on the strike was only 3,050 contracts, signaling bullishness. Vodafone Group Plc is engaged in providing service, such as voice, messaging, data and fixed line and others. Voice services include provision of mobile voice communications.