Upside Purchased on RR Donnelley (RRD)

Shares of RR Donnelley & Sons Co.

are higher on the session by 0.88%, currently trading at $18.36. The stock has been drifting lower over the past two months; the stock looks to have double-topped in January and April. Technical theory suggests that in the long-term the stock will drift toward the $12.00 level. Options traders are buying calls today, though. The July $17.50 call was purchased 1,350 times, on the offer; open interest on the strike is only 914 contracts, suggesting that new, bullish positions have been opened up. Call volume is now running at 11.21x the daily average. R.R. Donnelley & Sons Company is a provider of integrated communications. The Company provides provide premedia, printing, logistics and business process outsourcing products and services.