Calls Purchased on Advanced Auto Parts (AAP)

Shares of Advanced Auto Parts Inc. AAP are lower on the session by 0.63%, currently trading at $55.54. The stock has been moving largely higher over the past six months and is trading near its 52-weeks high of $56.21, which it hit earlier in the session. Options traders are betting on further upside for the name. Though action ahs been primarily in small lots, call volume is now running at 3x the daily average with 90% of all calls traded being purchases on the offer. Traders are focusing on the $55, $60, and $65 strikes in December. Advance Auto Parts, Inc. is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States. The company's stores carry a product line for cars, vans, sport utility vehicles and light trucks. For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.