Calls Purchased on iStar Financial Inc.

Shares of iStar Financial Inc. SFI are higher on the session by 0.56%, currently trading at $7.40. The stock has been moving largely lower over the past four 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 January 2012 $9.00 call was purchased 2,000 times, on the offer, on open interest of 11 contracts. Overall call volume is now running at 4.34x the daily average with 99% of all calls traded being purchases on the offer. iStar Financial Inc. is a finance company focused on the commercial real estate industry. The company primarily provides financing to high-end private and corporate owners of real estate, including senior and mezzanine real estate debt, senior and mezzanine corporate capital, as well as corporate net lease financing and equity.