Calls Purchased as Cal-Maine Foods Jumps (CALM)

Shares of Cal-Maine Foods CALM are higher on the session by 7.76%, currently trading at $29.98. The stock had been moving largely lower over the past six months, though it 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 April 2011 $30.00 call was purchased 1,000 times, on the offer, on open interest of 858 contracts. Overall call volume is now running at 11.86x the daily average with 70% of all calls traded being purchases on the offer. Cal-Maine Foods, Inc. is a producer and marketer of shell eggs in the United States. During the fiscal year ended May 29, 2010, the company sold approximately 805 million dozen shell eggs. Its primary business is the production, grading, packaging, marketing and distribution of shell eggs.