Calls Purchased on Allied Irish Banks (AIB)

Shares of Allied Irish Banks AIB are higher on the session by 10.19%, currently trading at $1.19. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the December $1.50 call was purchased 1,000 times, on the offer, on open interest of only 572 contracts. This signals new positioning on the strike. The February 2011 $1.00 call was also purchased 900 times on open interest of 1,126 contracts. Overall call volume is now running at 2.07x the daily average with 89% of all calls traded being purchases on the offer. Allied Irish Banks, p.l.c., together with its subsidiaries, conducts retail and commercial banking business in Ireland. It also provides corporate lending and capital markets activities from its head office at Bankcentre and from Dublin's International Financial Services Centre.