Calls Purchased on Lowe's Companies (LOW)

Shares of Lowe's Companies, Inc. LOW are lower on the session by 0.55%, currently trading at $21.80. The stock has been moving largely higher over the past four months after basing around the $20.00 level. Options traders are buying calls on the name today. A short while ago the December $24.00 call was purchased 9,900 times, on the offer, on open interest of 10,630 contracts and the Dec $23.00 call was purchased 5,300 times on open interest of 6,047 contracts. Overall call volume is now running at 3.13x the daily average with 80% of all calls traded being purchases on the offer. Lowe's Companies, Inc. is a home improvement retailer. As of January 29, 2010, the company operated 1,710 stores, consisted of 1,694 stores across 50 United States states and 16 stores in Canada. Its 1,710 stores represent approximately 193 million square feet of retail selling space. The company serves homeowners, renters and commercial business customers.