Calls Purchased on Chico's FAS, Inc. (CHS)

Shares of Chico's FAS, Inc. CHS are higher on the session by 1.94%, currently trading at $14.70. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the May 2011 $14.00 call was purchased 2,500 times, on the offer, on open interest of 1,117 contracts. Overall call volume is now running at 4.27x the daily average with 95% of all calls traded being purchases on the offer. Chico's FAS, Inc. is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico's, White House |Black Market and Soma Intimates brand names.