Calls Purchased on Coinstar Inc. (CSTR)

Shares of Coinstar Inc. CSTR are higher on the session by 0.12%, currently trading at $44.11. The stock has been moving largely lower over the past four months, off from a recent high near $59.50. Options traders are buying calls on the name today. The October $40.00 and $49.00 calls were both purchased, on the offer, over 1,100 times a short while ago; volume exceeded open interest on both strikes, indicating fresh, bullish positioning. Call volume is now running at 2.36x the daily average. Coinstar, Inc. is a provider of automated retail solutions. Its business segments include Coin services, DVD services, Money Transfer services and E-payment services. The company's core offerings in automated retail include its Coin and DVD businesses.
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Posted In: Long IdeasTechnicalsOptionsTrading IdeasConsumer DiscretionarySpecialized Consumer Services
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