Calls Purchased on Jazz Pharmaceuticals (JAZZ)

Shares of Jazz Pharmaceuticals JAZZ are higher on the session by 3.34%, currently trading at $19.63. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. Though action has been primarily in small lots, overall call volume is now running at 3.06x the daily average with 93% of all calls traded being purchases on the offer. Traders are buying the $19.00 and $20.00 strike in January 2011. Jazz Pharmaceuticals, Inc. is a specialty pharmaceutical company focusing on the development and commercialization of pharmaceutical products to meet unmet medical needs in neurology and psychiatry.