Uroplasty Seeing Huge Relative Call Volume (UPI)

Shares of Uroplasty, Inc. UPI are lower on the session by 6.90%, currently trading at $5.40. The stock has been moving largely higher over the past four months and is currently trading below the 200-day and 50-day moving averages. Options traders are buying calls on the name today. A short while ago the February 2011 $5.00 call was purchased 2,000 times, on the offer, on open interest of only 15 contracts. This signals new positioning on the strike. Overall call volume is now running at 670.33x the daily average with 94% of all calls traded being purchases on the offer. Uroplasty, Inc. is a medical device company that develops, manufactures and markets products for the treatment of voiding dysfunctions. The company's primary focus is on two products: the Urgent PC system and Macroplastique.