Calls Purchased on Ocwen Financial (OCN)

Shares of Ocwen Financial Corp. OCN are lower on the session by 6.89%, currently trading at $10.00. The stock has been moving largely lower over the past three months and has recently tested and failed to regain the 50-day moving average. Options traders are buying call on the name today. The October $10.00 call was purchased 1,101 times, on the offer, earlier in the session; open interest on the strike is exactly 1,101 contracts, indicating that this is likely a closing transaction. Call volume is now running at 18.35x the daily average. Ocwen Financial Corporation is a provider of residential and commercial mortgage loan servicing, special servicing and asset management services. The company operates in three segments: Servicing, Loans and Residuals and Asset Management Vehicles