Calls Purchased on State Street Corporation (STT)

Shares of State Street Corporation STT are higher on the session by 0.58%, currently trading at $45.41. The stock has been moving largely higher over the past six months and is currently consolidating around the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the August 2011 $45.00 call was purchased 3,000 times, on the offer, on open interest of 1,400 contracts. Overall call volume is now running at 2.01x the daily average with 96% of all calls traded being purchases on the offer. State Street Corporation is a financial holding company. The company, through its subsidiaries, including its banking subsidiary, State Street Bank and Trust company, provides products and services for institutional investors worldwide. It has two lines of business: Investment Servicing and Investment Management.