Calls Purchased on E*TRADE Financial Corporation (ETFC)

Shares of E*TRADE Financial Corporation ETFC are lower on the session by 1.88%, currently trading at $15.63. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average.

Options traders are buying calls on the name today. A short while ago the July 2011 $16.00 call was purchased 3,300 times, on the offer, on open interest of 351 contracts.

Overall call volume is now running at 2.56x the daily average with 77% of all calls traded being purchases on the offer.

E*TRADE Financial Corporation is a financial services company, which provides online brokerage and related products and services to the individual retail investors, under the brand E*TRADE Financial. It also provides investor-focused banking products, sweep deposits and savings products, to retail investors.