Calls Purchased on Chicos FAS (CHS)

Shares of Chicos FAS Inc. CHS are lower on the session by 3.54%, currently trading at $8.99. The stock has been moving largely lower over the past four months, off from recent highs near $16.50. Options traders are buying calls on the name for a second day in a row. The November $10.00 call was purchased 2,000 times, on the offer, a short while ago; open interest on the strike is only 131 contracts. This signals new positioning on the name. Call volume is currently running at 2.41x the daily average. Chico's FAS, Inc. is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico's, White House|Black Market, and Soma Intimates brand names.