Calls Active on E*Trade Financial Corp. (ETFC)

Shares of E*TRADE Financial Corporation ETFC are higher on the session by 0.45%, currently trading at $15.64. The stock has been moving largely higher over the past five months, rallying from a recent low near $11.50, and is currently trading above the 50-day and 200-day moving averages. Shares have also recently breeched above resistance and are consolidating, likely in preparation for a breakout higher. Options traders are buying calls on the name today. Though action has been primarily in small lots, the December $16.00 strike has already traded 2,349 times, mostly on the offer, versus open interest of 2,591 contracts. The January 2011 $16.00 and $17.00 strikes are also seeing active small lots purchases, though volume is not close to eclipsing open interest yet. E*TRADE Financial Corporation is a financial services company, which provides online brokerage and related products and services to the individual retail investors, under the brand E*TRADE Financial. It also provides investor-focused banking products, sweep deposits and savings products, to retail investors.