Calls Purchased on Bunge Limited (BG)

Shares of Bunge Limited BG are higher on the session by 0.88%, currently trading at $53.65. The stock has been trading largely lower over the past six months, but appears to be in a bottoming pattern. Options traders were buying calls today. The July $55.00 call was purchased 1,900 times, on the offer; open interest on the strike is 2,304 contracts. Call volume is now running at 2.64x the daily average. Bunge Limited is a global agribusiness and food company operating in the farm-to-consumer food chain. The company is engaged in oilseed processing, producing and supplying of fertilizer to farmers in South America and selling of packaged vegetable oils worldwide.