Calls Purchased on YRC Worldwide (YRCW)

Shares of YRC Worldwide Inc. YRCW are lower on the session by 7.76%, currently trading at $0.1937. The stock has been drifting lower and lower over the past six months as the stock nears potential bankruptcy. Options traders are picking up some calls on the name today, though. The January 2011 $1.00 call was purchased 3,000 times, on the offer, for $0.05; open interest on the strike is 120,416 contracts. YRCW said earlier in the month that it had amended a financing facility, providing it access to about $22 million in extra funds during the second quarter. Liquidity pressures continue to plague the company though. YRC Worldwide Inc. is a holding company. YRC Worldwide, through wholly owned operating subsidiaries offers its customers a range of transportation services.