Calls Purchased on 99Cents Only Stores

Shares of 99Cents Only Stores NDN are higher on the session by 0.73%, currently trading at $20.56. 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 September 2011 $22.50 call traded 1,200 times on open interest of 8,530 contracts. Overall call volume is now running at 2.34x the daily average with 100% of all calls traded being purchases on the offer. 99Cents Only Stores is a retailer of primarily consumable general merchandise. The company's stores offer customers an assortment of consumer goods, as well as a variety of quality, closeout merchandise, at a discount from standard retail prices. Merchandise sold in the company's 99 Cents Only Stores is priced at or below 99.99 Cents per item.