Calls Purchased on Arkansas Best Corporations

Shares of Arkansas Best Corporations ABFS are higher on the session by 1.34%, currently trading at $25.28. The stock has been moving largely lower over the past five months, though it is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the May 2011 $25.00 call was purchased 1,000 times, on the offer, on open interest of 1,875 contracts. Overall call volume is now running at 2.86x the daily average with 88% of all calls traded being purchases on the offer. Arkansas Best Corporations a holding company engaged through its subsidiaries primarily in motor carrier freight transportation. The company's principal operations are conducted through its subsidiary, ABF Freight System, Inc., and other subsidiaries of the Company, including ABF Freight System, Ltd.; ABF Freight System Canada, Ltd.; ABF Cartage, Inc., and Land-Marine Cargo, Inc. ABF is the Company's operating segment.