Shares of SUPERVALU Inc. SVU are higher on the session by 2.54%, currently trading at $9.30. The stock has been moving largely lower over the past six months and is currently trading below the 200-day moving average.
Options traders are buying calls on the name today. A short while ago the January 2012 $12.50 call was purchased 3,100 times, on the offer, on open interest of 16,626 contracts.
Overall call volume is now running at 2.72x the daily average with 75% of all calls traded being purchases on the offer.
SUPERVALU Inc. is a United States grocery channel. SUPERVALU conducts its retail operations under the Acme, Albertsons, Bristol Farms, Cub Foods, Farm Fresh, Hornbacher's, Jewel-Osco, Lucky, Save-A-Lot, Shaw's, Shop 'n Save, Shoppers Food & Pharmacy and Star Market banners as well as in-store pharmacies under the Osco and Sav-on banners.
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