Shares of Saks Inc. SKS are higher on the session by 3.37%, currently trading at $8.28. The stock has been gyrating lower over the past two months and is now in a technical downtrend.
Options traders are betting on a bit of rally today. The August $10 call was purchased 1,935 times, on the offer; open interest on the strike is 3,837 contracts. Call volume is now running at 2.2x the daily average with 80% of all calls traded being purchases on the offer.
Saks Incorporated is a fashion retail organization offering a range of distinctive luxury fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts.
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