Calls Purchased on Pantry Inc. (PTRY)

Shares of Pantry Inc. PTRY are higher on the session by 5.87%, currently trading at $20.75. The stock has been moving largely higher over the past two weeks, rocketing to over $20, from $15, during that time period. Options traders are buying calls on the name today, perhaps as a hedge to short shares. Though action has been primarily in small lots, call volume is now running at 3x the daily average with 91% of all calls traded being purchases on the offer. Traders were buying the $20 and $22.50 strikes in multiple months. The Pantry, Inc. is an independently operated convenience store chain in the southeastern United States. As of September 24, 2009, it operated 1,673 stores in 11 states under a number of selected banners, including Kangaroo Express, its primary operating banner.