Calls Purchased on Safeway Inc. (SWY)

Shares of Safeway Inc. SWY are higher on the session by 1.79%, currently trading at $21.57. The stock has been moving largely lower over the past four months and is currently consolidating below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the February 2011 $22.00 call was purchased 3,700 times, on the offer, on open interest of 743 contracts. The March 2011 $22.50 call was also traded 3,800 times on open interest of 9,489 contracts. Overall call volume is now running at 5.82x the daily average with 86% of all calls traded being purchases on the offer. Safeway Inc. is a food and drug retailer in North America. As of September 11, 2010, the company operated 1,702 stores in the Western, Southwestern, Rocky Mountain, Midwestern and Mid-Atlantic regions of the United States and in Western Canada.