Calls Purchased on Sanderson Farms, Inc.

Shares of Sanderson Farms, Inc. SAFM are higher on the session by 1.08%, currently trading at $47.55. The stock has been moving largely higher over the past six 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 July 2011 $50.00 call was purchased 1,000 times, on the offer, on open interest of 361 contracts. Overall call volume is now running at 2.55x the daily average with 100% of all calls traded being purchases on the offer. Sanderson Farms, Inc. is a poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. In addition, the company is engaged in the processing, marketing and distribution of prepared chicken through its wholly owned subsidiary, Sanderson Farms, Inc.