Calls Purchased on Sony Corp. (SNE)

Shares of Sony Corp. SNE are higher on the session by 0.29%, currently trading at $27.41. The stock has been moving largely lower over the past six months and is now trading within a technical downtrend. Options traders are betting on a bit of a rally, though. The August $30 call was purchased 2,000 times, on the offer, for $0.65. Open interest on the strike is 31 contracts, signaling new, bullish positioning on the strike. Call volume is now running at 6.25x the daily average. Sony Corporation is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices.