Calls Purchased on Diageo (DEO)

Shares of Diageo PLC DEO are lower on the session by 1.01%, currently trading $61.29. The stock has been falling sharply as of late and is trading below both the 50-day and 200-day moving averages. Calls are betting on a rally in Diageo today; the July $70 strike was purchased over 1,000 times on the offer for $0.15. Call volume is running at 5.59x the daily average with 60% of all calls traded being purchases on the offer. Diageo PLC is engaged in the drinks business with a collection of international brands. Diageo is a participant in the branded beverage alcohol industry and operates worldwide.