Calls Purchased on Expeditors International (EXPD)

Shares of Expeditors International of Washington EXPD are lower on the session by 0.81%, currently trading at $55.15. The stock has been moving largely higher over the past six months, and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the May 2011 $60.00 call was purchased 1,000 times, on the offer, on open interest of only 175 contracts. This signals new positioning on the name. Overall call volume is now running at 3.98x the daily average with 83% of all calls traded being purchases on the offer. Expeditors International of Washington, Inc. is engaged in the business of providing global logistics services. The company offers its customers a network supporting the movement and positioning of goods. Its services include the consolidation or forwarding of air and ocean freight.