Calls Purchased on Office Depot, Inc. (ODP)

Shares of Office Depot, Inc. ODP are higher on the session by 3.50%, currently trading at $5.61. The stock has been moving largely lower 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. A short while ago the January 2011 $5.00 call was purchased 3,000 times, on the offer, on open interest of 24,067 contracts. Overall call volume is now running at 2.01x the daily average with 95% of all calls traded being purchases on the offer. Office Depot, Inc. is a global supplier of office products and services. The company operates in three business segments: North American Retail Division, North American Business Solutions Division and International Division.