Calls Purchased on Central European Distribution

Shares of Central European Distribution CEDC are lower on the session by 5.29%, currently trading at $10.21. The stock has been moving largely lower over the past five 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 March 2012 $12.00 call traded 2,100 times on open interest of 4,103 contracts. Overall call volume is now running at 2.73x the daily average with 87% of all calls traded being purchases on the offer. Central European Distribution Corporation operates primarily in the alcohol beverage industry. CEDC is a producer of vodka and is Central and Eastern Europe's integrated spirit beverages business