Traders Bet on Scientific Games Corporation (SGMS)

Shares of Scientific Games Corporation SGMS are higher on the session by 3.27%, currently trading at $9.80. The stock has been moving largely higher over the past four weeks and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the May 2011 $10.00 call was purchased 1,000 times, on the offer, on open interest of only 866 contracts. This signals new positioning on the strike. Overall call volume is now running at 8.84x the daily average with 100% of all calls traded being purchases on the offer. Scientific Games Corporation is a global supplier of products and services to lotteries, and a provider of gaming technology and content to other gaming operators worldwide. The company reports its operations in three segments: Printed Products Group, Lottery Systems Group and Diversified Gaming Group.