Calls Purchased on Sysco Corporation (SYY)

Shares of Sysco Corporation SYY are higher on the session by 0.04%, currently trading at $27.80. The stock has been moving largely lower over the past two 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 August 2011 $32.50 call was purchased 1,000 times, on the offer, on open interest of 3,299 contracts. Overall call volume is now running at 2.68x the daily average with 82% of all calls traded being purchases on the offer. Sysco Corporation, along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry.