Calls Purchased on Diageo plc (DEO)

Shares of Diageo plc DEO are lower on the session by 2.69%, currently trading at $76.33. 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 5.77x the daily average with 91% of all calls traded being purchases on the offer. Traders are buying the $80.00 strikes in multiple months. Diageo plc is engaged in the drinks business with a collection of international brands. Diageo is a participant in the branded beverage alcohol industry and operates worldwide.