Petsmart Receives Bull Trade

Shares of Petsmart Inc. PETM are off slightly today, currently trading $33.20. The stock is nearing its recent 52-week high around $35.00 and is in full-on bullish territory. Options traders are betting that the stock continues to move higher as well with the May $35 call purchased on the offer over 1,150 times for $0.45. Open interest on the strike is 1,208 contracts. PetSmart, Inc. is a specialty provider of products, services and solutions for the lifetime needs of pets.