Calls Purchased on American Eagle Outfitters (AEO)

Shares of American Eagle Outfitters AEO are lower on the session by 5.06%, currently trading at $11.64. The stock has been trading largely lower over the past five months and is trading below both the 50-day and 200-day moving averages. Options traders are buying calls on the name today, betting that the stock could rally from here. The November $12.50 call was purchased 5,800 times, on or near the offer, on open interest of just 1,331 contracts. This signals new, bullish positioning on the strike. Call volume is now running at 4.53x the daily average. American Eagle Outfitters, Inc. offers on-trend clothing, accessories and personal care products. It operates under the American Eagle, aerie by American Eagle, 77 kids by American Eagle and MARTIN+OSA brands. As of January 30, 2010, it operated 938 American Eagle Outfitters stores in the United States and Canada, 137 aerie stand-alone stores, and 28 MARTIN+OSA stores.