Calls Purchased on Barnes & Noble (BKS)

Shares of Barnes & Noble BKS are higher on the session by 1.16%, currently trading at $16.5. The stock has been moving largely higher over the past three 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 July 2011 $15.00 call was purchased 1,800 times, on the offer, on open interest of 793 contracts. Overall call volume is now running at 2.23x the daily average with 89% of all calls traded being purchases on the offer. Barnes & Noble, Inc. is a bookseller. The company is a content, commerce and technology company that provides customers access to books, magazines, newspapers and other content across its multi-channel distribution platform.