Calls Purchased on First Horizon National Corporation (FHN)

Shares of First Horizon National Corporation FHN are lower on the session by 1.05%, currently trading at $10.32. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the August 2011 $12.00 call was purchased 1,000 times, on the offer, on open interest of 4,771 contracts. Overall call volume is now running at 1.30x the daily average with 100% of all calls traded being purchases on the offer. First Horizon National Corporation is a bank holding company. It provides financial services primarily through its principal subsidiary, First Tennessee Bank National Association, and its subsidiaries. It has four segments: regional banking, capital markets, corporate, and non-strategic.