Calls Purchased on Legg Mason, Inc.

Shares of Legg Mason, Inc. LM are higher on the session by 0.94%, currently trading at $33.36. The stock has been moving largely lower over the past six weeks 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 July 2011 $34.00 call was purchased 1,800 times, on the offer, on open interest of 72 contracts. Overall call volume is now running at 2.80x the daily average with 89% of all calls traded being purchases on the offer. Legg Mason, Inc. is a holding company. Legg Mason is a global asset management company. Acting through its subsidiaries, the company provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles.