Calls Purchased on Officemax

Shares of Officemax OMX are higher on the session by 12.87%, currently trading at $6.49. The stock has been moving largely lower over the past three 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 January 2012 $6.00 call traded 3,500 times on open interest of 10,999 contracts. Overall call volume is now running at 3.22x the daily average with 100% of all calls traded being purchases on the offer. Officemax Incorporated provides office supplies and paper, print and document services, technology products and solutions, and office furniture to large, medium and small businesses, government offices and consumers.