Calls Purchased on The New York Times Company

Shares of The New York Times Company NYT are lower on the session by 2.95%, currently trading at $7.78. The stock has been moving largely lower over the past three months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the October 2011 $9.00 call was purchased 1,000 times, on the offer, on open interest of 4,373 contracts. Overall call volume is now running at 2.42x the daily average with 100% of all calls traded being purchases on the offer. The New York Times Company is a diversified media company that includes newspapers, digital businesses, investments in paper mills and other investments. The company's segments consist of the News Media Group and the About Group.