Calls Purchased on Newcastle Investment Corp. (NCT)

Shares of Newcastle Investment Corp. NCT are higher on the session by 0.41%, currently trading at $4.94. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the May 2011 $5.00 call was purchased 1,000 times, on the offer, on open interest of only 254 contracts. This signals new positioning on the strike. Overall call volume is now running at 6.53x the daily average with 84% of all calls traded being purchases on the offer. Newcastle Investment Corp. is a real estate related investment and finance company. Newcastle invests in, and actively manages a portfolio of, real estate securities, loans and other real estate related assets. The company conducts its business through four primary segments: investments financed with non-recourse collateralized debt obligations, investments financed with other non-recourse debt, investments financed with recourse debt, including Federal National Mortgage Association/Federal Home Loan Mortgage Corporation securities and unlevered investments.