Calls Purchased on Zhongpin Inc. (HOGS)

Shares of Zhongpin Inc. HOGS are higher on the session by 0.53%, currently trading at $17.10. The stock has been moving largely higher over the past six weeks 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 $17.50 call was purchased 2,400 times, on the offer, on open interest of 2,366 contracts. Overall call volume is now running at 7.57x the daily average with 99% of all calls traded being purchases on the offer. Zhongpin Inc. is principally engaged in the meat and food processing and distribution business in the People's Republic of China. At December 31, 2009, the company's product line included 358 meat products, including chilled pork, frozen pork and prepared meats, and 34 vegetable and fruit products, that are sold on a wholesale basis and on a retail basis through an exclusive network of showcase stores, network stores and supermarket counters.