Calls Purchased on Manpower (MAN)

Shares of Manpower MAN are higher on the session by 3.50%, currently trading at $55.64. The stock has been moving largely higher over the past five 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 March 2011 $55.00 call was purchased 2,000 times, on the offer, on open interest of only 151 contracts. This signals new positioning on the strike. Overall call volume is now running at 9.72x the daily average with 97% of all calls traded being purchases on the offer. Manpower Inc. operates within the employment services industry. The company's global network of nearly 4,000 offices in 82 countries allows the company to meet the needs of its clients in all industry segments.