Buy/Write Executed on iStar Financial (SFI)

Shares of iStar Financial Inc. SFI are higher on the session by 5.19%, currently trading at $5.67. The stock has been rallying for the past five weeks and is currently trading above the 50-day and 200-day moving averages. The stock looks to be forming a bullish flag. One option trader is betting on a small move higher in the name over the next few months. A short while ago the July $6.00 call was sold 2,000 times, for $1.25, on no prior open interest. This trade was tied to a long position in the stock at $5.61. Volume on the July $6.00 call has since risen to 4,107 contracts. iStar Financial Inc. is a finance company focused on the commercial real estate industry. The company primarily provides financing to high-end private and corporate owners of real estate, including senior and mezzanine real estate debt, senior and mezzanine corporate capital, as well as corporate net lease financing and equity. The company delivers customized financing products to real estate borrowers and corporate customers.