Calls Purchased on Kansas City Southern

Shares of Kansas City Southern KSU are higher on the session by 3.93%, currently trading at $3.43. The stock has been moving largely higher over the past five months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the December 2011 $65.00 call traded 860 times on open interest of 2,154 contracts. Overall call volume is now running at 2.59x the daily average with 83% of all calls traded being purchases on the offer. Kansas City Southern is a holding company with domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with many industrial cities in Mexico.