Calls Purchased on Campbell Soup Company (CPB)

Shares of Campbell Soup Company CPB are lower on the session by 0.44%, currently trading at $34.33. The stock has been moving largely lower over the past six 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 2013 $40.00 call was purchased 4,700 times, on the offer, on open interest of 4,186 contracts. Overall call volume is now running at 4.69x the daily average with 96% of all calls traded being purchases on the offer. Campbell Soup Company, together with its subsidiaries, is a manufacturer and marketer of convenience food products. The company operates in four segments: U.S. Soup, Sauces and Beverages; Baking and Snacking; International Soup, Sauces and Beverages, and North America Foodservice.