Lender Processing Services Attracts Call Buyers (LPS)

Shares of Lender Processing Services LPS are higher on the session by 0.36%, currently trading at $30.88. The stock has been moving largely lower over the past six months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the January 2011 $35.00 call was purchased 1,100 times, on the offer, on open interest of only 56 contracts. This signals new positioning on the strike. Overall call volume is now running at 4.65x the daily average with 82% of all calls traded being purchases on the offer. Lender Processing Services, Inc. is a provider of integrated technology and services to the mortgage lending industry, with mortgage processing and management services in the United States. The company operates in two segments: technology, data and analytics and loan transaction services, which produced approximately 30% and 70%, respectively, of the company's revenues during the year ended December 31, 2009.