Calls Purchased on Safeway Inc. (SWY)

Shares of Safeway Inc. SWY are higher on the session by 1.06%, currently trading at $24.90. The stock has been moving largely higher over the past three 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 $25.00 call was purchased 5,000 times, on the offer, on open interest of only 222 contracts. This signals new positioning on the strike. Overall call volume is now running at 3.65x the daily average with 92% of all calls traded being purchases on the offer. Safeway Inc. is a food and drug retailer in North America. As of September 11, 2010, the company operated 1,702 stores in the Western, Southwestern, Rocky Mountain, Midwestern and Mid-Atlantic regions of the United States and in Western Canada.