Calls Purchased on ITT Educational Services (ESI)

Shares of ITT Educational Services ESI are lower on the session by 0.05%, currently trading at $78.49. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the April 2011 $85.00 call was purchased 1,200 times, on the offer, on open interest of only 491 contracts. Overall call volume is now running at 2.11x the daily average with 89% of all calls traded being purchases on the offer. ITT Educational Services, Inc. is a provider of postsecondary degree programs in the United States. As of December 31, 2009, the company offered master, bachelor and associate degree programs to approximately 80,000 students. As of December 31, 2009, it had 125 locations (including 121 campuses and four learning sites) in 38 states.