Calls Purchased on Barclays PLC (BCS)

Shares of Barclays PLC BCS are lower on the session by 2.25%, currently trading at $17.85. The stock has been moving largely lower over the past three 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 December 2011 $23.00 call was purchased 1,900 times, on the offer, on open interest of 2,003 contracts. Overall call volume is now running at 2.16x the daily average with 81% of all calls traded being purchases on the offer. Barclays PLC is a global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management. It operates through branches, offices and subsidiaries in the United Kingdom and overseas. Barclays has two business groups: Global Retailing and Commercial Banking, and Investment Banking and Investment Management.