Relative Call Volume Explodes on Equity One (EQY)

Shares of Equity One, Inc. EQY are higher on the session by 0.92%, currently trading at $17.47. The stock has been moving largely sideways over the past six months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the March 2011 $20.00 call was purchased 4,000 times, on the offer, on open interest of only 95 contracts. This signals new positioning on the name. Overall call volume is now running at 231.24x the daily average with 83% of all calls traded being purchases on the offer. Equity One, Inc. is a real estate investment trust that principally owns, manages, acquires and develops neighborhood and community shopping centers. As of December 31, 2009, the company's property portfolio consisted of 182 properties, including 168 shopping centers consisting of approximately 19 million square feet of gross leasable area, three development or redevelopment properties, six non-retail properties and five land parcels held for development.