Calls Purchased on Fastenal Company (FAST)

Shares of Fastenal Company FAST are higher on the session by 0.98%, currently trading at $64.60. The stock has been moving largely higher over the past four 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 May 2011 $70.00 call was purchased 1,600 times, on the offer, on open interest of 5,929 contracts. Overall call volume is now running at 2.54x the daily average with 82% of all calls traded being purchases on the offer. Fastenal Company sells industrial and construction supplies in a wholesale and retail fashion. As of December 31, 2010, the company had 2,490 store locations located in the United States, Puerto Rico, Canada, Mexico, Singapore, China, The Netherlands, United Kingdom, Hungary and Malaysia.