Calls Purchased on Herbalife (HLF)

Shares of Herbalife Ltd. HLF are higher on the session by 11.30%, currently trading at $54.75. The stock is rocketing higher today on better-than-expected earnings news, as well as raised guidance. Options traders are buying calls on the name today. Though action ahs been primarily in smaller lots, call volume is running at 32x the daily average with 70% of all calls traded being purchases on the offer. Large volume is flowing into the $55, $60, and $65 strikes in multiple months. Herbalife Ltd. is a global network marketing company that sells weight management, nutritional supplement, energy, sports and fitness products, and personal care products. Herbalife sells its products in 72 countries through a network of over 2 million independent distributors.