Call Position Extended on Comerica (CMA)

Shares of Comerica Inc. CMA are higher on the session by 2.14%, currently trading at $39.21. The stock has been staging a small comeback over the past week after a strong move lower in May. Options traders believe that a rally will continue in the name. The June $40 call was sold 2,000 times and the July $40 call was purchased 2,000 times. This suggests that traders still have confidence in Comerica and are extending their call position. Calls volume is now running at 4x the daily average. Comerica Incorporated is a financial services company. Comerica operates through three business segments: the Business Bank, the Retail Bank, and Wealth & Institutional Management. It also operates through a Finance Division. The Business Bank segment primarily consists of middle market, commercial real estate, national dealer services, international finance, global corporate, leasing, financial services, and technology and life sciences.