Upside Purchased on Campbell Soup (CPB)

Shares of Campbell Soup Company CPB are higher on the session by 0.68%, currently trading at $35.55. The stock has been trading largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are betting that the stock can make a move higher. The November $40.00 call was purchased 6,000 times, on the offer, for $0.40. Open interest on the strike is 6,417 contracts, signaling that a short call position may have been purchased back. Call volume is now running at 11.33x the daily average. Campbell Soup Company is a global manufacturer and marketer of food products. The company is organized in four segments: U.S. Soup, Sauces and Beverages; Baking and Snacking; International Soup, Sauces and Beverages, and North America Foodservice.