Calls Purchased on Arkansas Best Corporation (ABFS)

Shares of Arkansas Best Corporation ABFS are higher on the session by 0.15%, currently trading at $26.16. The stock has been moving largely lower over the past six weeks 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 April 2011 $27.50 call was purchased 1,500 times, on the offer, on open interest of only 95 contracts. Overall call volume is now running at 17.94x the daily average with 83% of all calls traded being purchases on the offer. Arkansas Best Corporation is a holding company. The company, through its subsidiaries, is engaged in motor carrier freight transportation. The company's principal operations are conducted through ABF Freight System, Inc. and other subsidiaries of the Company, which include ABF Freight System, Ltd., ABF Freight System Canada, Ltd., ABF Cartage, Inc., and Land-Marine Cargo, Inc.