Bulls Target Coca Cola Enterprises (CCE)

Shares of Coca Cola Enterprises Inc. CCE are higher on the session by 4.48%, currently trading $26.13. The stock has been selling off slightly as of late, but I am detecting bull call buying today. The June $25 call was purchased nearly 2,400 times today on the offer; open interest on the strike is only 1,644 contracts, signaling new positioning. In addition to that trade, I am also seeing 1,000 of the July $25 calls purchased; open interest on that strike is only 22 contracts. Coca-Cola Enterprises Inc. is engaged in marketing, producing and distributing non-alcoholic beverages. The Company serves a market of approximately 421 million consumers throughout the United States, Canada, the United States Virgin Islands and certain other Caribbean islands, Belgium, continental France, Great Britain, Luxembourg, Monaco, and the Netherlands.