Calls Purchased on Ocwen Financial

Shares of Ocwen Financial OCN are higher on the session by 2.88%, currently trading at $13.37. The stock has been moving largely higher over the past five months and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the October 2011 $12.50 call traded 880 times on open interest of 4,607 contracts. Overall call volume is now running at 15.91x the daily average with 100% of all calls traded being purchases on the offer. Ocwen Financial Corporation, through its subsidiaries, is a provider of residential and commercial mortgage loan servicing, special servicing and asset management services.