Calls Purchased on Family Dollar (FDO)

Shares of Family Dollar Stores Inc. FDO are higher on the session by 0.84%, currently trading at $43.19. The stock has been moving largely higher over the past year, breaking above resistance a few weeks ago. The stock is now trading ear its 52-week high of $44.03. Options traders seem to believe that the stock revisits that level over the next two months. The October $43.00 and $44.00 calls were both purchased over 1,200 times, on the offer, just a short while ago; open interest on the strike is 535 and 968 contracts, respectively. Call volume is now running at 3.16x the daily average. Family Dollar Stores, Inc. operates a chain of more than 6,600 general merchandise retail discount stores in 44 states, providing consumers with a selection of merchandise in neighborhood stores. The company's merchandise assortment includes consumables, home products, apparel and accessories, and seasonal and electronics.