Calls Purchased on Chico's FAS (CHS)

Shares of Chico's FAS CHS are higher on the session by 4.32%, currently trading at $12.56. The stock has been moving largely higher over the past six 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 $14.00 call was purchased 2,100 times, on the offer, on open interest of 85 contracts. The Mar 2011 $13.00 call has also traded 1,850 times on open interest of 1,670 contracts. Overall call volume is now running at 3.21x the daily average with 92% of all calls traded being purchases on the offer. Chico's FAS, Inc. is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico's, White House |Black Market and Soma Intimates brand names.