Calls Purchased on AstraZeneca PLC (AZN)

Shares of AstraZeneca PLC AZN are lower on the session by 1.69%, currently trading at $45.93. The stock has been moving largely lower over the past six 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 October 2011 $45.00 call was purchased 1,000 times, on the offer, for $3.60 on open interest of 285 contracts. Overall call volume is now running at 2.01x the daily average with 83% of all calls traded being purchases on the offer. AstraZeneca PLC is a biopharmaceutical company. The company focuses on the discovery, development and commercialization of prescription medicines for six areas of healthcare. Its six areas of healthcare includes cardiovascular, gastrointestinal, infection, neuroscience, oncology, and respiratory and inflammation.