Calls Purchased on Collective Brands (PSS)

Shares of Collective Brands PSS are lower on the session by 2.85%, currently trading at $16.78. The stock has been moving largely lower over the past six months, though it recently bounced off of the $12.40 and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the January 20 $17.50 call was purchased 2,600 times, on the offer, on open interest of only 355 contracts. This signals new positioning on the name. Overall call volume is now running at 5.39x the daily average with 79% of all calls traded being purchases on the offer. Collective Brands, Inc. operates a hybrid business model that includes retail, wholesale, licensing, digital commerce and franchising businesses. The company operates its business in four segments: Payless Domestic, Payless International, PLG Wholesale and PLG Retail.