Calls Purchased on First Horizon National Corporation

Shares of First Horizon National Corporation FHN are higher on the session by 3.02%, currently trading at $9.89. 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 August 2011 $10.00 call was purchased 1,000 times, on the offer, on open interest of 340 contracts. Overall call volume is now running at 14.32x the daily average with 91% of all calls traded being purchases on the offer. First Horizon National Corporation is a bank holding company. It provides financial services primarily through its principal subsidiary, First Tennessee Bank National Association and its subsidiaries.