Notable Call Options Activity in Legg Mason

Shares of Legg Mason LM are higher on the session by 2.35%, currently trading at $26.14. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the February 2012 $28.00 call, which has traded 1,700 times on open interest of 787 contracts. Calls are outpacing puts today by 6 to 1. Legg Mason, Inc. is a holding company. Acting through its subsidiaries, the company provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles.