Calls Purchased Barnes & Noble (BKS)

Shares of Barnes & Noble Inc. BKS are higher on the session by 0.56%, currently trading at $12.59. The stock has been trading largely lower over the past six months and is far below both the 50-day and 200-day moving averages. Options traders are buying calls on the stock today. The July $12.50 call was purchased 1,100 times, on or near the offer, on open interest of 918 contracts, which suggests new, bullish positioning. Call volume is now running at 3x the daily average. Barnes & Noble, Inc. is a bookseller. The company is a content, commerce and technology company that provides customers access to books, magazines, newspapers and other content across its multi-channel distribution platform.