Relative Call Volume Explodes on Midas, Inc. (MDS)

Shares of Midas, Inc. MDS are higher on the session by 2.94%, currently trading at $7.35. The stock has been moving largely lower over the past three 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 June 2011 $7.50 call was purchased 6,300 times, on the offer, on no prior open interest. This signals new positioning on the name. Overall call volume is now running at 433.21x the daily average with 100% of all calls traded being purchases on the offer. Midas, Inc. is engaged in the business of selling automotive repair franchises. The Midas network of franchised and company-operated shops is a provider of automotive repair and maintenance services in North America with 1,602 shops located in all 50 states of United States and nine Canadian provinces as of January 2, 2010.