Notable Call Options Activity in Lender Processing Services

Shares of Lender Processing Services LPS are lower on the session by 1.75%, currently trading at $14.55. The stock has been moving largely lower over the past five weeks and is currently trading below the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the June 2012 $21.00 call, which has traded 6,400 times on open interest of 10 contracts. The Mar2012 $18.00 call also traded 5,000 times on 64 contracts, though this appears to be apart of a strangle trade with the Mar2012 $14.00 put. Calls are outpacing puts today. Lender Processing Services, Inc. is a provider of integrated technology and services to the mortgage lending industry, with mortgage processing and default management services in the United States.