Shares of Darling International DAR are higher on the session by 0.91%, currently trading at $14.39. 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. A short while ago the February 2011 $15.00 call was purchased 1,000 times, on the offer, on open interest of 411 contracts.
Overall call volume is now running at 2.48x the daily average with 95% of all calls traded being purchases on the offer.
Darling International Inc. provides rendering, recycling and recovery solutions to the United States food industry. It operates through two segments: Rendering, the core business of turning inedible food by-products from meat and poultry processors into feed ingredients and fats for other industrial applications, and Restaurant Services, a group focused on growing the grease collection business and grease collection equipment sales while expanding the line of services.
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