Calls Purchased on Perfect World Co. (PWRD)

Shares of Perfect World Co. PWRD are lower on the session by 0.29%, currently trading at $23.75. The stock has been moving largely lower over the past six months and is trading below both the 50-day and 200-day moving averages. Options traders are buying calls on the name today. The August $26 call was purchased 1,100 times, on the offer, a short while ago; open interest on the strike is only 30 contracts, signaling new, bullish positioning on the name. Call volume is now running at $2.35x the daily average. Perfect World Co., Ltd. is an online game developer and operator in People's Republic of China. The company develops online games based on its game engines and game development platforms. Its technology capabilities consist of its game engines, game development platforms and real-time anti-cheating expertise, all developed and built by its development team.