Calls Purchased on Giant Interactive Group (GA)

Shares of Giant Interactive Group GA are higher on the session by 0.27%, currently trading at $7.47. 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 July 2011 $7.50 call was purchased 1,000 times, on the offer, on open interest of 7,507 contracts. Overall call volume is now running at 6.09x the daily average with 98% of all calls traded being purchases on the offer. Giant Interactive Group Inc. is an online game developer and operator in China. The company focuses on massively multiplayer online games that are played through networked game servers, in which a number of players are able to simultaneously connect and interact.