Upside Purchased on Accenture plc (ACN)

Shares of Accenture plc ACN are flat on the session, currently trading at $38.82. The stock has been drifting lower since a hard sell off in May; the stock is now trading below both the 50-day and 200-day moving averages. Options traders are betting on a rally today. The July $40 call was purchased 1,700 times, on or near the offer, on open interest of 3,315 contracts. Call volume is now running at 3.5x the daily average with 80% of all calls traded being purchases on the offer. Accenture plc is a management consulting, technology services and outsourcing company. The Company helps clients improve operational performance, deliver their products and services, increase revenues in markets and identify and enter new markets. Its business is organized in five operating groups: Communications & High Tech, Financial Services, Health & Public Service, Products and Resources.