Calls Purchased on Banco Santander (STD)

Shares of Banco Santander STD are lower on the session by 2.34%, currently trading at $9.68. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the January 2011 $10.00 call was purchased 4,000 times, on the offer, on open interest of only 2,086 contracts. This signals new positioning on the name. Overall call volume is now running at 2.50x the daily average with 84% of all calls traded being purchases on the offer. Banco Santander, S.A. is a financial group operating principally in Spain, the United Kingdom, Portugal, other European countries, Brazil and other Latin American countries and the United States, offering a range of financial products.