Calls Rolled on SunTrust Banks

Shares of SunTrust Banks STI are higher on the session by 1.67%, currently trading at $20.05. 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 focusing on calls today. A short while ago the September 2011 $19.00 call traded 7,500 times on open interest of 1,133 contracts. The Sept2011 $16.00 call also traded 6,000 times on 6,031 contracts. This appears to be a roll. Calls are outpacing puts today by 5 to 1. SunTrust Banks, Inc. is a commercial banking organization. The company is a diversified financial services holding company whose businesses provide a range of financial services to consumer and corporate clients.