Calls Purchased on Staples, Inc. (SPLS)

Shares of Staples, Inc. SPLS are higher on the session by 1.49%, currently trading at $23.23. The stock has been moving largely higher over the past five months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the March 2011 $24.00 call was purchased 4,000 times, on the offer, on open interest of 8,814 contracts. Overall call volume is now running at 5.77x the daily average with 91% of all calls traded being purchases on the offer. Staples, Inc. is an office products company. The company, along with its subsidiaries, offers a range of office products, including supplies, technology, furniture and business services.