Vornado Continues to Draw Bullish Trades (VNO)

Shares of Vornado Realty Trust VNO are lower on the session by 0.51%, currently trading at $86.56. The stock has been moving largely higher over the past three months, off of a recent low near $68.50, when it tested and held the 200-day moving average. Options traders continue to see the REIT moving higher. Though call volume is running primarily in smaller lots, overall call volume is now running at 2.60x the daily average with over 75% of all calls traded being purchases on the offer. Traders were picking up the $80.00, $85.00, and $90.00 call strikes in multiple months. Vornado Realty Trust is an integrated real estate investment trust (REIT). The company conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P., a limited partnership. Vornado is the sole general partner of, and owned approximately 92.5% of the common limited partnership interest in, the Operating Partnership at December 31, 2009. 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.