Calls Purchased on Sara Lee Corp. (SLE)

Shares of Sara Lee Corp. SLE are lower on the session by 0.56%, currently trading at $14.21. The stock has been trading largely higher over the past six months, but recently it has broken below the 50-day moving average. Options traders are buying calls on the name today. The July $15.00 call was purchased 1,000 times, on the offer, earlier in the session; open interest on the strike is 8,632 contracts. Call volume is now running at 2.54x the daily average with 93% of all calls traded being purchases on the offer. Sara Lee Corporation is a global manufacturer and marketer of brand-name products for consumers throughout the world focused primarily on the meats, bakery, beverage and household products categories. The company's operations are organized around six business segments: North American Retail, North American Fresh Bakery, North American Foodservice, International Beverage, International Bakery, and International Household and Body Care.