Calls Purchased on Chiquita Brands (CQB)

Shares of Chiquita Brands International LTD CQB are trading lower on the session by 1.24%, currently trading $12.74. The stock has been seeing bullish call activity day after day for the past week and again is no difference. I am seeing the August $20 call purchased 4,300 times today on open interest of 19,279 contracts. The call volume is now running at 3.34x the daily average with 71% of all calls traded being purchases on the offer. The stock has been trading well below the 50-day and 200-day moving averages though, which is not a great sign. Chiquita Brands International, Inc., along with its subsidiaries, is a marketer and distributor of bananas and other fresh produce, sold under the Chiquita and other names, and of packaged salads sold under the Fresh Express and other names primarily in the United States.