Notable Call Options Activity in Lowe's

Shares of Lowe's LOW are higher on the session by 3.14%, currently trading at $28.71. The stock has been moving largely higher over the past three months 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 April 2012 $29.00 call, which has traded 5,180 times on open interest of 2,035 contracts. The March 2012 $28.00 call also traded 5,150 times on 9,097 contracts. Calls are outpacing puts today by 3 to 1. Lowe's Companies, Inc. is a home improvement retailer. As of January 28, 2011, it operated 1,749 stores, consisted of 1,723 stores across 50 United States states and 24 stores in Canada and two in Mexico.