Bulls Making Deposit Into Lloyd's (LYG)

Shares of Lloyds Banking Group plc LYG are higher on the session by 1.97%, currently trading at $4.65. The stock has been moving largely higher over the past three months, off of a recent low near $3.00. Options traders are betting that the stock moves higher still. The April 2011 $6.00 call was purchased 3,600 times, on the offer, a short while ago; open interest on the strike is only 10 contracts. This signals new positioning on the name. Call volume is now running at 18.52x the daily average with 83% of all calls traded being purchases on the offer. Lloyds Banking Group plc is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers. The Company operates in four segments: Retail, Wholesale, Wealth and International and Insurance. For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.