Calls Sold on Allied Irish Banks (AIB)

Shares of Allied Irish Banks PLC AIB are falling sharply today by 7.59%, currently trading $2.68. The stock has failed to maintain its rally above the 50-day moving average and is in bearish territory on the chart. Options trading in the name is favoring call selling today with calls being sold in almost every single contract cycle. Call volume is running at 2.16x the daily average. Volume has been primarily in small lots. Allied Irish Banks, p.l.c. together with its subsidiaries (collectively referred to as the AIB Group or the Group), conducts retail and commercial banking business in Ireland.