Calls Sold on Expeditors International (EXPD)

Shares of Expeditors International of Washington EXPD are higher on the session by 0.82%, currently trading at $34.31. The stock has been trading largely lower over the past three months, off from recent highs near $42.50. Options traders are selling upside on the name today, betting that any rally in the name will be muted. The August $42.50 call was sold 2,800 times on open interest of 3,147 contracts. This suggests that a long call position has been closed out. Call volume is now running at 8.90x the daily average. Expeditors International of Washington, Inc. is engaged in the business of providing global logistics services. The company offers its customers a network supporting the movement and positioning of goods. Its services include the consolidation or forwarding of air and ocean freight. It also acts as a customs broker.