Calls Purchased on BioDelivery Sciences International (BDSI)

Shares of BioDelivery Sciences International BDSI are higher on the session by 6.62%, currently trading at $3.54. The stock has been moving largely lower over the past three months, but it 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 $2.50 call was purchased 2,500 times, on the offer, for $1.30 on open interest of 56 contracts. Overall call volume is now running at 208.33x the daily average with 98% of all calls traded being purchases on the offer. BioDelivery Sciences International, Inc. is a specialty pharmaceutical company utilizing licensed and owned drug delivery technologies to develop and commercialize, either on its own or in partnerships with third parties, new formulations of therapeutics.