Calls Purchased on ConAgra Foods (CAG)

Shares of ConAgra Foods CAG are lower on the session by 0.87%, currently trading at $22.71. The stock has been moving largely higher over the past four 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 September 2011 $25.00 call was purchased 2,800 times, on the offer, for $0.35 on open interest of 3,381 contracts. Overall call volume is now running at 2.31x the daily average with 98% of all calls traded being purchases on the offer. ConAgra Foods, Inc. is a food company. The company operates in two segments: Consumer Foods and Commercial Foods. On April 12, 2010, the company acquired Elan Nutrition, Inc., a privately held formulator and manufacturer of snack and nutrition bars.