Calls Purchased on Corinthian Colleges, Inc. (COCO)

Shares of Corinthian Colleges, Inc. COCO are lower on the session by 3.66%, currently trading at $3.95. The stock has been moving largely lower over the past six 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 June 2011 $4.00 call was purchased 1,000 times, on the offer, on open interest of 115 contracts. Overall call volume is now running at 4.32x the daily average with 81% of all calls traded being purchases on the offer. Corinthian Colleges, Inc. is a post-secondary education company in the United States and Canada, serving the segment of the population seeking to acquire career-oriented education.