Calls Purchased on Darling International (DAR)

Shares of Darling International DAR are higher on the session by 13.01%, currently trading at $11.64. The stock has been moving largely higher over the past three months and is currently trending higher above the 50-day and 200-day moving averages. Shares hit a fresh 52-week high earlier in the session. Options traders are buying calls on the name today. A short while ago the January 2011 $10.00 call was purchased 1,500 times, on the offer, on open interest of 1,572 contracts. This is likely a closing transaction on short calls. Overall call volume is now running at 9.59x the daily average with 99% of all calls traded being purchases on the offer. Darling International Inc. provides rendering, recycling and recovery solutions to the United States food industry. It operates through two segments: Rendering, the core business of turning inedible food by-products from meat and poultry processors into feed ingredients and fats for other industrial applications, and Restaurant Services, a group focused on growing the grease collection business and grease collection equipment sales while expanding the line of services, which includes grease trap servicing, and the National Service Center, offered to food service establishments and food processors.