Calls Purchased on People's United Financial (PBCT)

Shares of People's United Financial PBCT are higher on the session by 0.32%, currently trading at $12.61. The stock has been moving largely lower over the past three 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 May 2011 $14.00 call was purchased 790 times, on the offer, on open interest of 2,007 contracts. Overall call volume is now running at 6.10x the daily average with 83% of all calls traded being purchases on the offer. People's United Financial, Inc. is a savings and loan holding company. The principal business of People's United Financial is to provide, through People's United Bank and its subsidiaries, commercial banking, retail and business banking, and wealth management services to individual, corporate and municipal customers.