Calls Purchased on First Industrial Realty Trust (FR)

Shares of First Industrial Realty Trust

are higher on the session 2.33%, currently trading $6.60. The stock has been cascading lower for the past two weeks, but is struggling to hold the 200-day moving average now. I am detecting call buying in the name today with the September $5 call purchased on the offer 1,000 times; open interest on the strike is only 196 contracts, which suggests new, bullish positioning. Call volume is running at 16.30x the daily average today. First Industrial Realty Trust, Inc. is a real estate investment trust (REIT). The Company is a self-administered and integrated real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate.