Calls Purchased on Kansas City Southern (KSU)

Shares of Kansas City Southern KSU are higher on the session by 0.97%, currently trading at $43.79. The stock has been moving largely higher over the past two months breaking out above $40.00 and the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the December $44.00 call was purchased 604 times, on the offer, for $1.85 on no prior open interest. This signals new positioning on the name. Overall call volume is now running at 3.42x the daily average, with 60% of all calls traded being purchases on the offer. Kansas City Southern is a holding company with domestic and international rail operations in North America that are focused on the north/south freight corridor connecting key commercial and industrial markets in the central United States with many industrial cities in Mexico.