Calls Purchased on SAP AG

Shares of SAP AG SAP are lower on the session by 2.38%, currently trading at $58.16. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the July 2011 $62.50 call traded 2,200 times on open interest of 479 contracts. Overall call volume is now running at 4.93x the daily average with 88% of all calls traded being purchases on the offer. SAP AG is engaged in enterprise applications in terms of software and software-related service revenue. The company's core business is selling licenses for software solutions and related services to deliver a range of choices fitting the varying functional needs of its customers.