Calls Purchased on Lowe's Companies (LOW)

Shares of Lowe's Companies LOW are lower on the session by 0.23%, currently trading at $25.88. The stock has been moving largely higher over the past four 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 July 2011 $28.00 call was purchased 16,000 times, on the offer, on open interest of only 6,304 contracts. This signals new positioning on the strike. Overall call volume is now running at 3.12x the daily average with 68% of all calls traded being purchases on the offer. Lowe's Companies, Inc. is a home improvement retailer. As of January 29, 2010, the company operated 1,710 stores, consisted of 1,694 stores across 50 United States states and 16 stores in Canada.