Calls Purchased on Chicos FAS (CHS)

Shares of Chico's FAS, Inc. CHS are higher on the session by 0.99%, currently trading at $8.66. The stock has been moving largely lower over the past five months, off from recent highs near $16.50. The stock recently saw a move higher on very high volume. Options traders are buying calls on the name today. The January 2011 $12.50 call was purchased 6,500 times, on the offer, for $0.25 a short while ago; open interest on the strike is only 2,279 contracts. This signals new positioning on the name. Call volume is now running at 3.34x 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. As of January 30, 2010, the company operated 1,080 stores across 48 states, the District of Columbia, Puerto Rico and the Virgin Islands and e-commerce Websites for each of its brands.