Calls Purchased on The Pantry, Inc. (PTRY)

Shares of The Pantry, Inc. PTRY are higher on the session by 14.27%, currently trading at $18.34. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the June 2011 $17.50 call was purchased 550 times, on the offer, on open interest of 169 contracts. Overall call volume is now running at 22.65x the daily average with 75% of all calls traded being purchases on the offer. The Pantry, Inc. is an independently operated convenience store chain in the southeastern United States and operates convenience store chain. As of September 30, 2010, the company operated 1,638 stores in 11 states under a range of banners, including Kangaroo Express, its operating banner.