Bulls Banking at RBS

Shares of The Royal Bank of Scotland Group RBS are higher on the session by 6.46%, currently trading at $4.65. The stock has been moving largely lower over the past two months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the January 2011 $12.50 call was purchased 1,000 times, on the offer, on open interest of only 5 contracts. This signals new positioning on the strike. Overall call volume is now running at 19.38x the daily average with 94% of all calls traded being purchases on the offer. The Royal Bank of Scotland Group plc is the holding company of a global banking and financial services group. It operates in the United Kingdom, the United States, and internationally through its two principal subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc.